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American Power Corp (AMPW.OB): Smoke and Mirrors 331 comments
Feb 2, 2011 11:13 AM
Quick Stats
Ticker
AMPW
Share Price
$1.57
Market Cap
$142 million
$ traded/day
$1.1 million
Borrow Cost
-9.4%
Borrow Difficulty
Hard
Est. Short Interest (Dec 2010)
47,500
Days to Cover
0.2
Thesis
American Power Corp (AMPW:OTCBB) is an $142 million market cap exploration-stage coal company that uses smoke-and-mirror agreements to obscure its lack of real assets or capital. It’s another stock promotion that I believe will go to zero sooner or later. The promoter and majority shareholder of AMPW, Johannes Petersen, also promotes another penny stock, (SILA:OTCBB) which has declined from $1.40 to $0.22.
What does AMPW own?
I estimate a current cash balance of $600k minus promotional expenses over the past quarter. A property in Montana is being held in escrow until the company delivers $1.2 mn in cash and certain documents (reserve estimate and mining feasibility study) to the sellers.
The Property Scheme
The company signed the following agreements in April 2010:
•$700k to acquire 40% of a “coal property” in Montana, with a call option on the remaining 60% struck at $1.25mn.
•$700k to acquire 40% of a “mineral rights property” in Montana, with a call option on the remaining 60% struck at $1.25mn.
Deal issues:
•It’s a seller-financed deal. The company only invested $200k total up-front. If these properties have any value, why is the seller giving away a huge option to the buyers? Would you give 20x leverage to a company with no real assets at a 5% interest rate with an interest waiver for the first two years?
•The company has invested $800k so far over the past 9 months (call it a time-weighted 4.5 month investment period.) The notion that these assets are worth $142mn today, is simply not credible.
•SILA has similar option arrangements to purchase properties
My opinion:
The property is worthless.
The Capital Scheme
On Sep 10, 2010, AMPW entered two agreements with a Marshall Islands corporation named Black Sands Holdings, Inc. (BSH).
•AMPW issued BSH ~417k shares to settle an obligation of ~$208.5k
•BSH granted a “put” option to AMPW to issue Units (1 Unit = 1 share + 1 warrant) to BSH for up to $10 million, priced on a 10-day VWAP formula. Exercise is limited to $1 million per 3 months.
I think the implication (what we are supposed to believe) is that the settlement priced stock at a generous level to BSH and BSH in return issued this put option to AMPW as a “fair trade”.
Deal issues:
•Both agreements are ridiculously favorable to AMPW: There was roughly zero asset value in AMPW prior to Sep 10, and who writes a put struck at VWAP with a penny stock promoter on the other side?
•The value of a long-term, $10 million option is not in the same ballpark as the $200k obligation
•Why are the two agreements separate? I'm not sure the option contract is even legally binding, as there is no consideration due to BSH
•SILA has a similar “put option” agreement with another mysterious offshore entity
My opinion:
BSH is likely to be owned by the promoters or their affiliates.
Note: On Oct 5, 2010, AMPW issued ~600k Units to BSH for $500k, outside of the option agreement. Promotional actions/statements:
The most recent press releases from the company are:
•2/1/11--Company has retained a small investment bank to explore strategic alternatives
•1/4/11--Paid research report put out by Cohen Independent Research Group (their disclaimers state that they receive compensation… I love the asterisk next to “Independent Research” on their website)
•12/13/10—“American Power Corp. Well Financed to Advance Pace Coal Project”—announcing the BSH put option deal, which they call a “financing” with a “European institutional investor”
•12/7/10—“American Power Corp. Pace Project Update”—Company announces that it has retained Mission Engineering of Billings, Montana to prepare a permit application. The CEO makes some non-sequitur comments about Western Coal and Riversdale being taken out at $3bn+ each.
I’d also recommend checking out the company’s website, www.americanpowerco.com/. It’s extremely flashy, appeals to patriotism with a huge American flag, and even plays up an emerging market angle (“Powering Asia”) by citing trade statistics.
Management
Johannes Petersen, the CFO, owned 52.6% of the stock at Sep. 30 (market value ~$72mn today).
Alvaro Valencia, the CEO, went to the same college in Peru as Petersen and owned 0.2% of the stock at Sep. 30. Conclusion I believe this stock is worthless. Short selling may be difficult due to borrow issues and the skill of the promoters. Nevertheless, the longs should beware. Disclaimer: The information and opinions presented in this article are provided for informational purposes only, and do not constitute investment advice. Securities investing involves a high degree of risk. Potential investors should seek the advice of a professional before engaging in any investing or trading activity. The author of this article and/or his affiliates have a position in the securities mentioned in this article at the time of publication. The author and/or his affiliates may change their position at any time without disclosure.
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As Variant View Research's disclaimer states- Variant View R owns AMPW stock. What gives??? The same goes for one other OTC they've blogged as a possible scam- they again claim they own stock in that company also. All one has to do is "Google" Variant View Research and find nothing on this so-called research group. Who's scamming who?
Disclaimer says that I have a position. Although I did not specify long or short, I am clearly short. You'd have to be an idiot to think I was long based on the article.
AMPW had good reports 2 weeks ago on CNBC so I took a closer look at it to see if it had any chance of improvement with RIO but apparently I was wrong. Lost a few, but I got out this morning at a minor loss.
Becuase of this article, I got out a few days after...I made a small profit; AMPW being currently at 1.02. I'm glad I made the leave. People like Peterson should be banned from the financial market!
I agree. Was suppose to be supported by (RIO). Wish I had all the time it took to research each lead. Unfortunately, I have to rely on honesty and team work. Win a little, lose a little o well. Small loss, good lesson
Notice that there are no photographs of either Valencia or Peterson on their website? Know why? Because they don't want to leave a trail for the FBI and SEC. Do you know who their management team is? Valencia, Peterson and one secretary, probably their girlfriend. Do you know what Weir would say if you asked them for an opinion on their AMPW dealings? No comment...because I tried. Do you know how fast their investor relations will return your call? Never. Cohen and Meyers are their research prostitutes, paid to put out what the company pays them to put out. Pump and dump, misleading information. Read about Russell Pace as a consultant. The man is 80 years old-he's a Korean War vet!! If there's 410 million tons of coal under their properties why would anyone in their right mind basically give it away? These guys are packing their bags as we speak heading back to Peru.
So just to rehash the basics. A property is suspected of having below its surface 250- 410 tons of high quality bituminous coal that is in very high demand, priced at about $40 tonne conservatively. And nobody has attempted to sell this piece of highly valuable land before Valencia and Peterson appear on the scene "opportunistically". And Peabody Energy, BTU, is told to take a hike. From a guy whose previous company's name was Teen Glow Makeup? Then too half the shares are owned by the same guy. With a known reputation as a con man. Does this seem a bit hard to fathom?
If, and it's a mighty mighty big if, AMPW has the slightest, maybe miniscule is a better word regarding respectability the company needs to shitcan Peterson. And it needs to be done immediately.
In the interest of preventing others from getting equally burned on this one, AMPW, the SEC has an online form that is easily filled out. It addresses stock price manipulation, pump and dump, paid newsletters, and shorting owned shares. Any of this sound familiar?
Then too it's noteworthy that Mr. Valencia's 250,000 shares paid quarterly -that's 1,000,000 shares annually-vest immediately. Not a bad paycheck for designing a glitzy website.
So this is a company of two men who know each other well. They are experts at stock and internet manipulation, and working the pink sheets. They are expert at using scumbags like Meyers and Cohen to lend "credibility" to their company. Petersen especially is a scam artist based on his past which is less than glorious. Valencia is a willing and capable co-conspirator. They know how to work it and are doing exactly that. DON'T BUY THIS STOCK!!
It's not likely anything will ever come of it but as a potential purchaser of this stock you should know that the SEC has been notified and the US Marshalls too in case anyone starts to think about leaving the country before all the dues are paid in full.
Anything having to do with AMPW is pure bullshit. It's not likely RIO (or PEABODY, ARCH or PATRIOT) thinks much of anything Petersen or Valencia have to say and if they thought they did need to intervene they would with about five floors worth of lawyers per company. Valencia and Petersen are in to some deep shit with the names they throw around and if they're not careful one false step might land them in some really deep goo. If it looks like shit, and smells like shit then guess what?
For the moment the best thing that can happen for the average investor that got caught up in this swindle is for the price of this stock to go to 0.0. It's tough I know but at least Valencia's part of the swindle will be equal to zero since his shares are directly tied to the price of the stock. 250,000 times 0.0=0. Petersen on the other hand might be shorting shares knowing full well they'd be declining. What type and form of justice awaits him only God, and God only might know.
But for anyone that has their doubts about the integrity of this company here's the pertinents: American Power Corporation 16 Market Square Center 1400 16th Street, Suite 400 Denver, CO 80202 ph-7209328389 fax-7209328189 CEO-Mr. Alvario Valencia, Age 36 CFO-Mr. Johanness Petersen, Age 37 Cal them if you like but they will not return your phone calls. And as previously mentioned they have dual passports, and dual citizenship. That means once they leave the country they are gone. It is my belief, perhaps only my belief, that they are expert in perpetuating fraud on a significant scale. I believe the SEC will fail to intervene, and that the horse will be long gone before the barn door is ever checked for a lock. I believe that if either were to get hit by a car? the greatest loss would be the damage to the cars bumper.
Quite the resume for a 37 year old. You'd think with all of this he'd be tired of ripping people off by now...but apparently not.
BACKGROUND*
Mr. Johannes T. Petersen has been Chief Executive Officer of Paloma Resources Inc. since June 2006 and serves as its President. Mr. Petersen has been the Chief Executive Officer, President, Chief Financial Officer, Secretary and Treasurer of Silver America Inc. (also known as The Golf Alliance Corporation) since February 12, 2010. He serves as Chief Financial Officer and Secretary of American Power Corporation. He has been the Chief Executive Officer and President of Century Petroleum Corp. (also known as Som Resources Inc.) since July 6, 2009 and has been its Secretary & Treasurer since May 15, 2006. He is a Founder of Reflection Oil & Gas Partners Ltd., Tiger Oil & Gas Corporation Ltd., Century Petroleum Corp. and Hainan Mining Corporation Ltd. He serves as Principal Accounting Officer and Chief Financial Officer of Century Petroleum Corp. and served as its Principal Financial Officer. Mr. Petersen served as Chief Executive Officer and President of American Power Corp. from November 20, 2009 to August 2010. He also served as the Chief Financial Officer of American Sierra Gold Corp. from September 29, 2009 to September 10, 2010. Mr. Petersen served as the President of Century Petroleum Corp. from May 15, 2006 to October 1, 2006 and served as its Principal Executive Officer, until October 1, 2006. He served as the Chief Financial Officer, Chief Executive Officer, Secretary, Treasurer and President of Dragon Gold Resources, Inc., from July 15, 2004 to May 31, 2007. Mr. Petersen covered a variety of positions, ranging from fixed income and currency trading, to managerial roles. He has also worked in business development and business planning for private and public companies, with an emphasis in the resources industry. He worked in Lima, Peru for the following companies: Peru Scan Trading, Credibolsa SAB, Banco de Credito del Peru and CONASEV (Peruvian equivalent of the SEC). From April 1999 to July 2001, Mr. Petersen served as Managing Director of a commodity export brokerage firm in Peru. In August 2003, he performed independent consulting and business planning for natural resources industry companies and other organizations. He has been Chairman of American Power Corp. since November 20, 2009. Mr. Petersen has been a Director of Teen Glow Makeup, Inc. since November 20, 2009. and Silver America Inc. since February 12, 2010. He has been a Director of Paloma Resources Inc. since June 2006 and Century Petroleum Corp. since May 15, 2006. He serves as Director of Tiger Oil & Gas Corporation Ltd., Reflection Oil & Gas Partners Ltd (UK), and Hainan Mining Corporation Ltd. He served as an Independent Director of American Sierra Gold Corp. from September 29, 2009 to September 10, 2010. He served as Director of Dragon Gold Resources Inc. from July 15, 2004 to May 31, 2007. From 2001 to 2003, he attended business school in London. Mr. Petersen holds an MBA from the London Business School (England) with a concentration in Finance, and a BSc in Economics from Universidad del Pacifico (Peru). Collapse Detail CORPORATE HEADQUARTERS*
200 South Virginia Reno, Nevada 89501
United States
Phone: 775-398-3044 Fax: 775-201-9751 BOARD MEMBERS MEMBERSHIPS*
2004-2007 Former Chief Executive Officer, President, Chief Financial Officer, Secretary, Treasurer and Director Dragon Gold Resources Inc. 2006-Present Chief Executive Officer, President and Director Paloma Resources Inc. 2006-Present Chief Executive Officer, President, Chief Financial Officer, Principal Accounting Officer, Secretary, Treasurer and Director Century Petroleum Corp. 2009-2010 Former Chief Financial Officer and Independent Director American Sierra Gold Corp. 2009-Present Chairman, Chief Financial Officer and Secretary American Power Corporation 2010-Present Chief Executive Officer, President, Chief Financial Officer, Secretary, Treasurer and Director Gold American Mining Corp. EDUCATION*
MBA London Business School BS Universidad del Pac�fico , Peru OTHER AFFILIATIONS*
Paloma Resources Inc. London Business School Dragon Gold Resources Inc. Universidad del Pac�fico , Peru Gold American Mining Corp. American Sierra Gold Corp. American Power Corporation ANNUAL COMPENSATION*
And then there's jerk-ff #2 to consider: Alvaro Valencia Chief Executive Officer, President and Director, American Power Corporation 11 Age Total Annual Compensation This person is connected to 1 board members in 1 different organizations across 1 different industries.
See Board Relationships 36 $8,333 USD As of Fiscal Year 2010 BACKGROUND*
Mr. Alvaro Valencia, Al has been Chief Executive Officer and President of American Power Corp. since August 1, 2010. Mr. Valencia has held various positions in New York, Washington, DC, and in Latin America. He has been involved at both the corporate and government level in mining related projects, including working for the Peruvian government and in association with various investment banks such as Credit Suisse on the privatization of mining units (copper, zinc, and lead) in Peru valued in the hundreds of millions of dollars. Mr. Valencia's mining experience is matched by his experience in investment banking and corporate finance. He serves as Director of American Power Corporation. Mr. Valencia holds a BSc in Economics from Universidad del Pacifico (Peru) and an MA degree in Economics from Syracuse University in New York. Collapse Detail
Fugitive Operations The U.S. Marshals Service is the federal government’s primary agency for fugitive investigations. The agency holds all federal arrest warrants until execution or dismissal. In fiscal year 2010, the Marshals apprehended more than 36,100 federal fugitives, clearing approximately 39,100 felony warrants. U.S. Marshals’ task forces combine the efforts of federal, state and local law enforcement agencies to locate and arrest the most dangerous fugitives. They also serve as the central point for agencies to share information on fugitive matters. The U.S. Marshals currently lead 75 district fugitive task forces and seven regional fugitive task forces dedicated to investigating violent crime and locating and apprehending wanted criminals. Marshals-led district task forces arrested 81,900 state and local fugitives in FY 2010, clearing approximately 108,200 state and local felony warrants. The seven regional fugitive task forces are located in New York/New Jersey, Capital area, Southeast, Florida/Caribbean, Gulf Coast, Great Lakes and Pacific Southwest. Marshals’ regional fugitive task forces closed more than 52,000 felony warrants by arrest, including 1,953 homicide warrants, in FY 2010. The agency also leads ad-hoc task forces in special cases — such as when an inmate escapes from prison. The U.S. Marshals Service works with the international law enforcement community to apprehend fugitives abroad as well as to seek foreign fugitives living or residing in the United States. In FY 2010, the Marshals coordinated 805 extraditions and deportations from 67 countries. The Marshals provide assistance, expertise and training on fugitive matters to federal, state, local and international agencies. The agency has four foreign field offices in Jamaica, Mexico, the Dominican Republic and Colombia. The U.S. Marshals work closely with law enforcement agencies along the borders of Mexico and Canada and with the Department of State’s Diplomatic Security Service. The agency also holds key positions at Interpol. The Marshals use both traditional methods and sophisticated technologies for fugitive investigations, including tactical equipment, electronic surveillance and aerial surveillance. Tactical equipment includes covert audio and video alarms and sensors; digital, narrowband, encrypted wireless communications; and radio and satellite communications equipment, such as tactical repeaters, base stations and portable tower trailers. “15 Most Wanted” Fugitive Program The U.S. Marshals’ “15 Most Wanted” fugitive program draws attention to some of the country’s most dangerous and high-profile fugitives. These felons tend to be career criminals with histories of violence, and they pose a significant threat to public safety. 15 Most Wanted fugitives can include murderers, sex offenders, major drug kingpins, organized crime figures and individuals wanted for high-profile financial crimes. They are generally considered the “worst of the worst.” 15 Most Wanted fugitives can be Marshals’ cases, task force cases from other federal agencies, state/ local cases adopted by task forces or cases from the National Center for Missing and Exploited Children. Since the program began in 1983, 211 15 Most Wanted fugitives have been arrested. In FY 2010, the U.S. Marshals apprehended seven of them. Sex Offender Operations Under the Adam Walsh Child Protection and Safety Act of 2006, the U.S. Marshals Service: Assists state, local, tribal and territorial authorities in the location and apprehension of non-compliant sex offenders Investigates violations of the criminal provisions of the Adam Walsh Act Identifies and locates sex offenders displaced as a result of a major disaster In FY 2010, the Marshals: Apprehended 11,072 sex offenders Initiated 3,025 investigations, issued 426 warrants for registration violations and arrested 360 people for other violations of the Adam Walsh Act The Marshals’ National Sex Offender Targeting Center is an interagency intelligence and operations center that supports the identification, investigation, location, apprehension and prosecution of non-compliant, unregistered fugitive sex offenders. The center collaborates with the National Center for Missing and Exploited Children and the Department of Justice’s Sex Offender Sentencing, Monitoring, Apprehending, Registering and Tracking (SMART) Office to support all levels of law enforcement in pursuing unregistered and non-compliant sex offenders. Analysts conduct behavioral assessments and psychological insights into the minds of suspects and offenders to assist Marshals investigators in identifying and apprehending non-compliant sex offenders. The center also assists outside law enforcement with cold case reviews, including solved or unsolved homicides in which the murder appears to be sexually motivated.
Since January 2009, the Marshals have conducted 317 sex offender-specific operations, involving 7,700 state and local law enforcement personnel from 1,442 state and local agencies. In FY 2010, the Marshals conducted 173 such operations. Gang Operations The U.S. Marshals Service targets violent fugitives with gang affiliations in support of the Department of Justice’s priority of fighting gang violence. The existing Marshals network of 82 task forces is used for gang operations. The Marshals arrested more than 4,800 gang members in FY 2010. Task forces agency-wide participated in Operation Gang Surge, which identified areas of high gang violence in 2010. The operation produced a 288% increase in gang arrests over the previous quarter. Operation Triple Beam took place in Tulsa, Okla., in August 2010 and involved more than 40 federal, state and local law enforcement officers. During this highly successful operation, 163 gang members were arrested and 46 firearms were seized. The Marshals Service is a key member of GangTECC, the National Gang Targeting, Enforcement & Coordination Center, an anti-gang task force created by the Attorney General. Financial Surveillance Financial surveillance is an investigative tool that identifies funds and assets used by fugitives to conduct criminal activity and avoid apprehension. Financial surveillance investigators are able to find and track a fugitive’s financial transactions as well as identify aliases and new identities. In FY 2010, Marshals financial surveillance investigators closed 1,101 warrants. Organized Crime Drug Enforcement Task Force The Marshals Service is one of seven federal agencies that are members of the Organized Crime Drug Enforcement Task Force, the main element of the Attorney General’s drug-supply reduction strategy. The task force targets major drug-trafficking and money-laundering organizations, works to eliminate the financial infrastructure of drug organizations and conducts nationwide investigations against all the related parts of the targeted organizations. When U.S. Marshals provide assistance pre-takedown, 95% of targets are arrested, compared to 65% when the Marshals are not involved.
Office of Public Affairs U.S. Marshals Service Pub. No. 21-C revised Feb. 25, 2011 Download Adobe Flash Player Contacts: General Inquiries | Information or Inquiries on Fugitives | Freedom of Information inquiries For Information: Accessibility | Freedom of Information | Privacy Policy | No Fear Act | usa.gov | eRulemaking | usdoj.gov | Linking Policy for this web site and legal disclaimers usmarshals.gov is an official site of the U.S. Federal Government, U.S. Department of Justice
BEWARE of ANY company that there are glossy mail advertisements on- or have paid some pennystock site, they claim to be from 3rd parties, because it is ILLEGAL for the companies to send this stuff out. Third parties means PUMP & DUMP.
If the SEC notices the postings and mailers, AMPW probably will be suspended and you lose everything
I'm long in a small position on this stock, as with many pennies I'm waiting on to pop. In the interest of fairness, something from the flip side....American Power is a member of the Montana Mining Association, and holds approximately 29,000 acres in Judith Basin County, Montana. The estimated resources in place, based on exploration work conducted by Mobil Oil Co. (now ExxonMobil Corp.), in several independent studies, range from 172 million up to 410+ million tons of high volatility bituminous B coal..........I'm just curious how these scam artists got exonmobil to lie for them about this "worthless" property.....The phone number you posted on the 14th won't work on my phones, have you tried calling their investor relations number? 1-800-537-1110....You have spent a lot of time and effort building your case against AMPW, That kind of effort could be sincere, or could be a private agenda. The author of this article who trashes a stock, then admits he is short in it, is no better than the pump and dumpers you hate so much. Should we fill out a complaint form about him? .....Even people with questionable pasts can get involved in good projects. (Note for example, Dickson Lee with LLEN, I've waited 6 months for that stock to come back around, now they opened their operations for inspection and the stock caught fire this week.)....Bottom line.....Pick your poison and roll the dice, just don't bet the farm.
Well spoken. Thanks for taking the time to contribute your valuable thoughts. Excellent point about authors and viewpoints and hidden agendas. It's the internet at its worst. In my maybe not so informed opinion Petersen is the fly in the ointment. Based on his age, his education, and especially his past history with microcaps. Were it not for his questionable involvement AMPW might be a suitable long candidate, 2-4 years(?), if everything they say and have filed is true. The fact that Petersen is Chief Financial Officer is more than a bit scary too.That means he controls the finances. I do know for certain that AMPW is in the earlier stages of the Montana DEQ permit process. You can go to DEQ's website and see for yourself. AMPW does appear to have obtained substantial financing, but they don't name names so any credibility they get from all this talk of having 10-20 million going forward gets diluted with questions about where and from who the money has come. My agenda is to either try and keep these guys honest which could be very easily accomplished with a wait and see approach, or to put the dogs on them before they can go off laughing to the bank. If they are what they advertise as being then they have nothing to fear. I'd like to believe that Valencia at least knows how to dot the i's and cross the t's. Things we do know: the Gryphon contract is real and currently in effect; they do own the mineral rights to 29,000 acres; Petersen was initially CEO but then went to CFO when Valencia stepped in; their website does contain factual info with regard to the future of coal, especially in the wake of Japans crisis and the high price of oil; and that a lot of research went into it for whatever that's worth; finally that the SEC filings are now record, and that makes them liable in court. So, the ball is in AMPW's court so to speak.
I personally think this stock is a loser, but if I had to play it, the only way to play (AMPW) is to day trade it buying around the $.65 range and get out around $.68+ I just don't see any long term benefits to (AMPW)
Attorney Pleads Guilty to Conspiracy to Commit Securities Fraud WASHINGTON – A securities attorney pleaded guilty today to defrauding investors in stock manipulation schemes involving 19 different publicly traded companies, Acting Assistant Attorney General Rita M. Glavin of the Criminal Division and Acting U.S. Attorney Dana J. Boente for the Eastern District of Virginia announced today.
David B. Stocker, 49, of Phoenix pleaded guilty in U.S. District Court in Alexandria, Va., for his participation in a stock manipulation conspiracy known as a "pump-and-dump" scheme. Stocker is scheduled to be sentenced on Nov. 6, 2009, by U.S. District Judge Liam O’Grady. The maximum penalties for the conspiracy charge are five years in prison and a $250,000 fine.
Stocker pleaded guilty to a criminal information charging him with one count of conspiracy to commit securities fraud involving 19 publicly traded companies including: eDollars Inc; Emerging Holdings Inc.; MassClick Inc.; China Score Inc.; American Television and Film Company Inc.; Auction Mills Inc.; Custom-Designed Compressor Systems Inc.; Ecogate Inc.; Media International Concepts Inc.; Vanquish Productions Inc.; AVL Global Inc.; Motion DNA Corp.; PokerBook Gaming Corp.; TKO Holding Ltd; Body Scan Inc.; Integrity Messenger Corp.; Beverly Hills Film Studios; IFINIX Inc.; and V3 Global Inc.
In related actions, the U.S. Securities and Exchange Commission (SEC) has enforcement actions against Stocker pending in federal district courts in Arizona, Michigan and Texas.
According to the plea agreement and criminal information, the stock manipulation scheme employed by Stocker and his co-conspirators followed a common pattern. Stocker admitted that he acted as securities counsel for companies, and he and others fraudulently caused the companies to issue millions of "free-trading" shares to co-conspirators in transactions that had not been registered with the SEC. As Stocker acknowledged in his plea, after the unregistered and free-trading shares had been issued, co-conspirators began to manipulate, or "pump," the trading value of the companies’ stock through a number of deceptive and manipulative means to entice members of the investing public to invest in the stock. For example, according to court documents, members of the conspiracy engaged in coordinated trades to manipulate the price of the stock.
Stocker also admitted that co-conspirators falsely manipulated the price and volume of some of the companies’ stock by making materially false and misleading statements in press releases and in spam emails distributed by co-conspirator Justin Medlin and other spammers to tens of millions of email addresses throughout the United States in an effort to create artificial demand for the companies’ stock. After fraudulently "pumping" the market price and demand for the companies’ stock, co-conspirators "dumped" millions of shares by selling them for large profits to the general investing public in the over-the-counter market through listings on Pink Sheets, an inter-dealer electronic quotation and trading system. These shares were purchased by unsuspecting investors, including investors in the Eastern District of Virginia, and were often rendered virtually worthless.
Eight other defendants have pleaded guilty and have been sentenced in federal court in Alexandria, Va., for their roles in related stock manipulation schemes. Michael R. Saquella was sentenced to 10 years in prison; Justin Medlin was sentenced to six years in prison; Steven P. Luscko and Gregory A. Neu were each sentenced to five years in prison; Lawrence Kaplan was sentenced to three years in prison; Brian G. Brunette was sentenced to a one year in prison; Anthony Tarantola was sentenced to six months in prison; and Henry "Hank" Zemla was sentenced to three months in prison.
The case, which was referred by the Financial Industry Regulatory Authority (FINRA), was investigated by the FBI and the U.S. Postal Inspection Service, with assistance from the Virginia Securities Division. The case is being prosecuted by Assistant U.S. Attorneys Patrick Stokes and Ed Power of Eastern District of Virginia and Deputy Chief Steve Linick of the Criminal Division’s Fraud Section. The Department of Justice acknowledges the substantial assistance of FINRA and the SEC in its investigation. It would also like to thank the Virginia State Corporation Commission, Division of Securities and Retail Franchising, for its assistance.
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There's no end to the hype for and against. It just makes me want to...puke. The following is something I just cut and pasted. I have no real sentiment on it one way or the other. If there is a point to be considered it is that there is blood on the trail and everyone senses it, be it pro...or con. The bottom line is that all want you to subscribe so they can lead us out of the forrest unscathed. What bullshit.
With the volitility building on AMPW.OB, Our analysts team have completed in depth research on AMPW.OB and spotted various important indicators, which could help AMPW.OB Traders and Shareholders. To receive the FREE report on AMPW.OB, SIGN UP to the HoleinOneStocks.net newsletter by entering your email above. You will receive email alerts 1-2 times a month and a FREE AMPW.OB Report.
I want to apologize right here and now. There can be a tendency to overdo it. I may have crossed that line. I admit it. But...look at this following cut and paste. I feel sorta self concious that I may have crossed the line but what are we to think when Charlie Manson, CHARLIE F---ING MANSON, starts talking Global Warming and someone actually quotes him??))*^%#$$^&(() Does he have his own newsletter too?
Charles Manson, the notorious cult leader, has broken his 20-year silence, and is speaking out about global warming.
Manson, now 76 years old, was accused of brainwashing members of his commune known as “The Manson Family." He was jailed 40 years ago for orchestrating the murders of eight people -- carried out at his instruction -- including Roman Polanski’s pregnant wife, Sharon Tate.
The Telegraph reports that during a recent interview with Spain’s Vanity Fair magazine, Manson warned of a danger that he thinks is greater than himself -- global warming.
Manson said, "Everyone's God and if we don't wake up to that there's going to be no weather because our polar caps are melting because we're doing bad things to the atmosphere… The automobiles and fossil fuels are destroying the atmosphere and we won't have air to breathe.”
Before trailing off, Manson added, 'If we don’t change that as rapidly as I’m speaking to you now, if we don’t put the green back on the planet and put the trees back that we’ve butchered, if we don’t go to war against the problem...'
According to The Daily Mail, Manson is also a founder of ATWA (Air Trees Water Animals or All The Way Alive). The mission statement warns of the planet’s destruction from pollution.
Charles Manson is likely not the advocate that environmentalists would like on their team to fight climate change. Will Manson's comments bring further controversy and political ammunition to an already hotly debated issue, or are they to be disregarded as the ramblings of a madman?
I do believe Charlie is anti-nuclear. And pro-coal. The swastika permanently engraved on his forehead says it all. I think he is the absolute personification of going green-no matter what the cost. Green Baby. Whole Foods all the way. If, and it's a mighty big IF we do concede to his higher standards regarding quality of life we may very well be able to scrub all the emissions from every burned BTU of coal, be it anthracite, bituminous, or Red Leb. Charlie does have principles afterall. Could Charlie have been suffering the effects of carbon monoxide poisoning when he orchestrated the murders of those 8-10 folks? Maybe he was at the forefront of suffering the adverse effects of greenhouse emissions? And his followers, any still alive, might be able to plead insanity due to those greenhouse emissions. He got a taste of what was in store for the rest of us and decided to show us precisely what could happen when those bad things settle in on our brains. And he showed us in detail. Vivid detail. Charlie Manson as spokesperson for going green. Geraldo, are you listening?
Isam, just got back around to this today. Did not know you had a newsletter. I'm going to check it out. If you have time, any thoughts on XIN. I have a pretty heavy position, seems to be curving back up a little after a long trip to a bottom......if you have time and/or are interested. Thanks.
Chinese property stocks are unloved and unwanted right now, creating the chance for great value investing. XIN has posted consistent growth and beaten projections for more than a year. Chinese fiscal policy is hugely expansionary this year, and the Chinese government knows that it must support the housing market to stay in power. There was a good article on the China housing market on CNBC about two weeks ago highlighting shopping centers in Bejing and the surrounding housing markets being a ghost town. But the building continues. Most of the real estate comments on XIN date back to 2010 where they were very profitable. finance.yahoo.com/news...
Grey- Not a clue about XIN. But thanks for asking anyway! Due diligence baby! and keep an open mind towards suspecting the worst. Just maybe, maybe that way any pops north and you'll be pleasantly surprised...for once. And don't bet the farm...only a couple of acres...preferanly the ones without the high grade bituminous coal under them:)
Oh...Grey...wait! There's been a mis-read- I have no newsletter!! I was making a joke about Charlie Manson having a newsletter now that he's spokesperson for Earth First.
got ya, sorry, I scanned that post too quickly. Do you post anywhere else? This is the only place I have seen you. Wondering if any other companies you are watchdogging, and how you like to invest. I generaly look for stocks under 10 bucks to swing trade. Recent buys...CAMT, MNDO, NTWK, GSS....looking for good entry point on DYNT.
Nah, all the other companies I own are actually reputable. No long shots. Patriot Coal, wheat futures, GRU, solar,TAN, and mainstream Canadian and US Energy ETF's-FXN, ENY. I'm a big believer in Express Scripts, ESRX, for cheap prescription drugs-no what you think about ObamaCare cheap drugs are cheap drugs. I bought these assholes, AMPW, on a weak moment. It blended in with my belief that energy, unlike BIG banks, will always be around. Try heating your house with cow flops, or driving your car on french fry oil:) Regarding newsletters? Judging from the AMPW swindle there appear to be at least 2 two many out there already (Meyers/Cohen). I don't post anywhere else because I feel God spoke to me one night and said, "Lsam, I have a couple of crooked guys at AMPW and I'd like to see them roast in hell. Help me out?" You know, lets end on a good note-I hope you have a good day!
This is the AMPW record of short selling basically from the date of company inception. Notice the trend regarding dates, percentage increase/decrease, relative to stock price. The sales are 15 days apart. Is that to satisfy SEC percentage requirements based on shares outstanding? Who owns this quantity of shares? You? Me? Not likely. Who has inside information? You? Me? There's one person and one person only. Any guesses? The first two don't count. If the PACE Project is going full ahead why is someone shorting the shares in rapidly increasing amounts inversely to the stock price performance??? Well, that's what a short sale is I guess. This is the epitome of insider trading. SEC. Hello!! Anyone home?
Short Sales Date Short Interest % Change Avg. Daily Share Volume Days to Cover Split New Issue Mar 31, 2011 1,251,433 47.17 1,552,593 1.00 No No Mar 15, 2011 850,351 57.51 2,370,065 1.00 No No Feb 28, 2011 539,865 30.86 1,187,401 1.00 No No Feb 15, 2011 412,548 14.89 1,823,685 1.00 No No Jan 31, 2011 359,068 210.71 3,098,647 1.00 No No Jan 14, 2011 115,565 143.17 549,571 1.00 No No Dec 31, 2010 47,525 136.82 679,148 1.00 No No Dec 15, 2010 20,068 627.10 257,533 1.00 No No Nov 30, 2010 2,760 -68.09 7,265 1.00 No No Oct 29, 2010 5,700 -31.89 22,612 1.00 No No Results Per Page 12next >
Question of the day: What constitutes a "discussion". AMPW maintains it had "discussions" with Peabody, BTU. The company maintains it, AMPW, terminated those discussions. One is led to believe the discussions mentioned were not favorable to the future of the company. If you or I called Peabody right now, and talked to a mail room clerk, would that not be a "discussion" with Peabody??
Here's a good one. Sorry it's lengthy: Arkansas Man Sentenced To 10 Years In Investment Scam
02/07/2006 DENVER - Former Littleton resident, John Mark Godard, was sentenced on Monday in Denver District Court for defrauding 16 Colorado investors of $1.3 million, announced Colorado Attorney General John W. Suthers, and Colorado Securities Commissioner Fred J. Joseph.
Following the testimony of seven of the investors, Denver District Court Judge William Robbins sentenced Godard to 10 years in prison, citing the extraordinary amount of money taken by Godard. The Judge also ordered Godard, age 40, to pay back the $1.3 million that he admitted to taking as part of his investment scam.
Godard was initially arrested on April 9, 2005 in Fayetteville, Arkansas on a warrant issued by the Denver District Court following the return of an indictment obtained by the Colorado Attorney General’s office on April 8, 2005. Godard, following an investigation by the Colorado Securities Division, was indicted on seventeen counts of fraud in connection with the sale of securities in Colorado.
Godard induced Colorado investors to purchase stock in his non-existent companies by promising high yields on short term investments financing radio equipment. Godard then diverted significant portions of the funds for his own personal use.
Attorney General Suthers said, “This case should serve as a reminder to all Coloradans to research every investment opportunity before handing over their hard-earned money.”
Commissioner Joseph said, “A ten year sentence should send a strong message to any wannabe con artist that there is a substantial price to pay for destroying peoples’ lives by defrauding them of their life savings.”
Why so? Here's so. Today your author was sent the pump on this link for AMPW.ob by kind reader 'KF' who added "Who buys this shit?". The answer, KF, is that the foolish and the market naive are the prey for people like John Myers and Johannes Petersen.
The basics: Click that link above and check it out for yourself but what you get is the utter scumbag John Myers pumping American Power (AMPW.ob) and talking about 5000% gains and all sorts of ridiculous junk about how Rio Tinto is going to take them over and this and that and red letters and E!X!C!L!A!M!A!T!I!O!N!S! all over the shop and and and etc etc etc. Amongst the tosh and balderdash you also get the link to the American Power website that (almost goes without saying these days) greets you with an image of the Stars'n'Bars. So all the redflag boxes already being ticked off nicely. But then with about a minute's extra looking you get to see that:
1) The man behind AMPW.ob is none other than Johannes Petersen. The same name behind Gold American Mining (SILA.ob). 2) It may be a bizarre coincidence, but AMPW.ob boasts of the same kind of financing deal-that-is-not-a-deal with the same European back as SILA.ob. 3) And it may be another bizarre coincidence, but the last time we looked at the scumbag John Myers he was pumping a stock called Gold American Mining (SILA.ob).
So let's see how SILA.ob has got on since we ran our post entitled "Gold American Mining Is A Scam" on August 18th:
Hmmmm......not living up to the hype, is it? but back to AMPW.ob and if you check the SEC filings on this dog you'll see even more horridness, for example the latest annual report out Jan 13th 2011. There you'll note negative working cap around half the stock held by Petersen, the reality of its assets (nowhere near as pleasant for longs as Myers' views) all the usual checkboxes of these scams.
At its current $1.15 share price, this box of nothing has a market cap over $104m. A more obvious short is hard to find. DYODD.
If you called AMPW tomorrow- 720-932-8389- I'll bet you twenty bucks (more than you'd get actually investing with these guys by the way) that they won't answer or return your call. Why? Because they are heading for the border. Peru? China? Mexico? Who cares. Let the drug lords take care of them. That's only wishful thinking on my part I admit...but the sooner they're gone...the better. They are scum.
400 million tonnes of high grade Sensimillian B type high grade BTU coal nobody ever knew existed before Teen Glow Makeup discovered it. And it was such a great find that Teen Glow told Peabody, BTU, America's premier coal company just behind RIO, to shove it. Because Teen Glow knew more than the 15 floors of geologists that Peabody, BTU, regularly employs to filter out dust in the wind like AMPW. I have a bridge...interested?
Sorry-really sorry-I'm oerstaying my welcome I admit it.
But consider this- although Teen Glow never fails to mention Warren Buffet and the Burlington Northern Sante Fe (BNSF) railroad, we haven't heard much from Warren Buffet with regard to Teen Glow. Now I wonder why that is.
Caveat Emptor- if you ever see this on a pink sheet microcap your investment has had it. AMPW is treading on some really thin ice in this regard. Really really thin...extremely thin. Practically non-existent. Buyer Beware. There is a public interest concern associated with the company, which may include a spam campaign, questionable stock promotion, known investigation of fraudulent activity committed by the company or insiders, regulatory suspensions, or disruptive corporate actions. During the time it is labeled Caveat Emptor, any stock that is not in the Current Information category will also have its quotes blocked on otcmarkets.com.
Don't be fooled by a company filing with the SEC. In this respect the SEC actually contributes to a pump and dump like AMPW. The company routinely files with the SEC and hopes that people won't actually read the filings. The company is in compliance with the SEC, and the SEC will probably back up that assertion otherwise the SEC is caught with its dick in its hand, right? That's a symbiotic relationship of sorts. SILA, the previous Petersen scandal has mountains of SEC filings. When you see all those filings you get the sense the company is really playing by the rules. But...then look at the financials.
With regard to Caveat Emptor- it's marked with a skull and crossbones-for real- in OSHA terms a skull and crossbones means two breaths and you're dead. Like you've just had the misfortune of inhaling ammonia, or freon, or carbon monoxide. Caveat Emptor means the SEC has finally gotten off their ass and taken a stand. Usually far far too late. Maybe this time it will be different.
The following is essentially CohenResearch,com's menu of how he charges for stock price manipulation schemes. I have a feeling Cohen cares zilch about factual reporting but does most positvely shows an intense interest on his return for his incredible insight. Which by the way was that AMPW, now currently valued at .65/share was thought by Cohen to have a value of $4.40/share. According to his resume Mr. Cohen was an up and comer at Bear Stearns. But then Bear Stearns was the first of the major investment banks to go broke. I guess this is where Mr. Cohen has wound up. Sorry Brother, someone will buy your apples I'm sure.
Our Report Prices: 15 Page: ask 20 – 25 Page: ask 30 – 35 Page: ask 50 Pages or less: ask 100 Pages or less: ask 100 Pages – 225 pages: ask Report and email Distribution for investor awareness – Costs Flexible HotOtc-Stockegg/Wall Street Grand-GrassRoots Elite Campaign: ask The Large Database 8 Million Names: $10,000 The Holy Grail Elite Name Database: 470,000 Names: $10,000 Elite Open-Click 123,000 Campaign: New Database. $20,000 (will do $10,000 for our first 4 clients) Quarterback Campaigns: Ask Product Marketing Campaigns: Ask
This is from the SEC website. Buyer beware. Fool me once shame on you, fool me twice shame on me.
Pump and Dump Schemes
"Pump and dump" schemes, also known as "hype and dump manipulation," involve the touting of a company's stock (typically microcap companies) through false and misleading statements to the marketplace. After pumping the stock, fraudsters make huge profits by selling their cheap stock into the market.
Pump and dump schemes often occur on the Internet where it is common to see messages posted that urge readers to buy a stock quickly or to sell before the price goes down, or a telemarketer will call using the same sort of pitch. Often the promoters will claim to have "inside" information about an impending development or to use an "infallible" combination of economic and stock market data to pick stocks. In reality, they may be company insiders or paid promoters who stand to gain by selling their shares after the stock price is "pumped" up by the buying frenzy they create. Once these fraudsters "dump" their shares and stop hyping the stock, the price typically falls, and investors lose their money.
For more information about microcap fraud, please read our publication, Microcap Stock: A Guide for Investors.
Here's some stock price chart data from previous Johannes Peterson mineral mining endeavors: Century Petroleum, CYPE 12/27/2006- $3.25 04/19/2011- $0.02
Gold American Mining Co., SILA 05/10/2010- $1.28 04/21/2011- $0.11
American Sierra Gold Corp., AMNP 10/19/2009- $1.39 04/20/2011- $0.04
The chart patterns are identical mirror images of each other. They start with next to nothing, have a steep rise, and then steadily and none too slowly trail off to nothing.
How can any gold mining venture turn to complete nothingness when the current NYMEX price of gold is close to $1500 per ounce with a strong liklihood of further increases due to a very weak dollar/euro relationship?
How can a petroleum drilling venture turn to dust when the NYMEX price of crude is currently $110/BBL, with a strong possibility of further price increases?
AMPW stock price: 01-27-2011- $2.14----the high by the way 04/21/2011- $0.64
On January 24 6.04 million shares of AMPW traded. On 04/20/2011 125,000 shares traded. Draw your own conclusion.
I'm no chart expert but the AMPW chart does show similar trendlines of the other three Petersen prospects, but because the initial price per share opened at a higher price, something like .95/share, it flatlines for a while...AND THEN rises significantly the last week or so in January of 2011. Would that susbstantial price hike coincide with the Meyers and Cohen newsletters? The strong buy/$4.40 rating and target? The pump?
I'm curious. Does anyone know of a foreclosure list for mines and mining type ventures? Something like what you might find for bank owned houses? Maybe something the IRS puts out? Or various state agencies?
Judith Basin facts: Average home price= $120,000 Population= 2,000 Median 2009 income= $ 37,473 Population below poverty level= 21%
You think a small county where everyone knows each other, a fifth live below the poverty level, and has increasing home sales year after year might have an inkling of what their lives could be like if they were sitting on 400 million tons of coal valued at $40 billion dollars? Especially when mining is so huge in their state? Why the trend towards leaving instead of staying? Think people enjoy living in poverty? Think if there was a chance to help them some of the majors, RIO, ARCH, Peabody would have done so in the name of good corporate relations? Being as those companies are just next door anyway? Help to develop the property, create jobs, help to build schools and hospitals and earn a profit too? Think this piece of property somehow fell beneath the radar just waiting to be discovered by someone like Teen Glow Makeup? Coal is up against a big public relations battle day in and day out. Look at Massey's 29 miners killed. Emissions. Global warming. Why miss an opportunity to improve a desperate county's situation when it would be easy and relatively cheap for a Fortune 500 company to do so? Think about that.
This is fairly long. My sincere apology. But it's about John Meyers pumping Petersens previous fiasco, Gold American Mining Corp. SILA, presently valued at 11 cents per share. John may have been having a bad hair day judging from his picture.
ST. LOUIS (MineFund.com) -- The latest paid mailer to find its way to MineFund was the The Myers’ Letter. John Myers bills himself as an investment expert and mining guru. That is just as well because you’d never know it or think it from reading his shill pieces for Gold American Mining, which trades over-the-counter as SILA.
The latest pitch is one of several that Myers has been pumping out on behalf of Beltran Investments. Beltran has been spending freely to pump up Gold American’s stock price and trading volumes. It’s not altogether clear, but it would appear that nearly a million dollars has been committed to the campaign with a nice chunk flowing to Myers.
That may seem like a large investment for a penny stock, but the rewards have been excellent for insiders based on the volume of shares being flipped. That’s especially the case as the effort winds down and insiders look to exit.
Myers has delivered several iterations of his price targets for Gold American, ranging as high as $104 per share. The latest write-up has the target lower and pegged to the nearest one-hundredth of a dollar. Oh yes, our John strives for accuracy - $96.21 a share is the least that Gold American will agree to sell out to Goldcorp for.
One wonders what caused the asking price to drop when gold and silver prices have been rising. They wouldn’t be pricing mineral resources at spot prices would they? Surely they wouldn’t dare to contravene SEC Industry Guide 7? It’s not the only flaunting, but the SEC seems to be indifferent to these blatant abuses by promoters.
Having touted Gold American as a Goldcorp must-have in July, Myers is giving them a little more time. He’s never been surer that Goldcorp is going to buy Gold American for $8.4 billion and within three months.
Tick-tock, John Myers, tick-tock.
According to Myers’ own calculations, Gold American’s have-to-own Mexico property has just 120,000 ounces of gold equivalent “resources”. And these resources come from a “magnetic survey” and “historical results”.
What exactly is Goldcorp going to do with 120koz of gold equivalent, Mr. Myers, assuming it’s even there? Mine it with a knife and fork, perhaps?
Maybe Myers really believes that gold will be priced at $3,717/oz in three months as implied by the $96.21 stock price. Oh, hold on, he keeps talking about gold moving toward $2,000 by the end of the year which, according to Myers, translates to $51.76/share. So which is it, John? $3,717/oz or $2,000/oz for the 3-month takeover window? The difference is only worth a cool $2.6 billion.
Investors who get suckered by the promises touted in these paid mailers can only blame themselves - especially for one as incompetently produced as this. After all, Gold American paid a “research analyst” to declare that it was worth $3.31 per share just last month.
Here’s our prediction for Gold American Mining, and we’ve never been surer of it. Goldcorp won’t even pay 9.621 cents a share for it within the next three years.
Definition: financial market manipulation tries usually to influence asset prices and bring unfair market gains to the manipulator. In its "hard" form, it uses deceptive methods such as lies and false appearances.
In financial market, the illusion is created, as seen below, by rigging information or prices to entice investors to buy or to sell as fits the interests of the manipulators.
Boy. When you take a deeper look at Petersens previous endeavors, all 35 of them:), they are just financially raped and pillaged. It's just the same shit over...and over...and over again. The MO never changes.
The Peabody/AMPW relationship. My theory is that Peabody/BTU knew the land was worthless, Petersen knew the land was worthless, and instead of being fired Petersen quit.
Beware of the pumper that begins to buy back in large blocks to give the false impression, yet another illusion, another rabbit out of the hat, that there is interest on the upside. AMPW has no long value-none-zilch.
Any interested parties out there-check out Express Scripts/ESRX- one of my facvorites- it took a big dump today on an earnings miss (whihc wasn't all that big axctually) but long term its got value...unlike you know who. But its got revenues, cash, cash flow, and an excellent product. Unlike you know who. Analysts being analysts however are currently pounding the p out of it:(( And as long as we're at it if you like discount drug companies there's SXCI out of Canada that does the same thing, currently $55 ish?
It's interesting to note that a state will grant a permit, in this case to prospect for coal, even though the CFO whose name is on that permit has had 3 previous mining disasters, having taken what might have been millions of investors money with him. Disasters you say? How so? There is more gold in my teeth than all of Petersens enterprises combined has ever produced. Routinely his slickly advertised "this will make you rich" pumps, paid for quite handsomely I might add, written by stalwart analysts such as John Meyers although there are others of equal or greater incompetence, run a course of a year or less. We have already witnessed the peaks. Stay away. Stay away. Stay away. It's just us little bloggers that can keep an eye out for each other. The FBI missed ENRON. The SEC Madoff. And Petersen knows this. Petersen is laughing at us. You like being laughed at? In this case it's not something but someone that's rotten in denmark.
If you're interested here's the pertinents: The National Whistleblower Legal Defense and Education Fund is a public interest law firm which works in conjunction with the National Whistleblower Center. The Fund’s legal cases are managed by four attorney-trustees.
Regrettably, most of the people Petersen continually rips off are in their 60's and 70's maybe. Their ability to use a computer much less the internet is, well, lets just say restricted. Petersen knows this. Petersen is one of the cagiest SOB's to work a crowd since Adolf Hitler during the Nurenberg Rallies.
If Petersen were ever to be prosecuted for securities fraud there won't be a penny of damages. Rest assured. The only assurance is that he and his pals will be talking to guys named Bubba. And Bubba likes white meat.
SF? The intent of Meyers type newsletters is to mislead. Not inform, but to deliberately mislead. To find the mark, it is a con afterall, and to sink the hook. The 75 year old couple bites, because they after all would like to leave something to their grandkids and this seems a good way to do it, Myers et al reels it in. Petersen writes the check to Myers through a third party, Beltran Investments maybe, or puts the pay off under a rock, or whatever. Myers gets his payoff, oh, wait, I mean his "fee' according to the disclaimer(s)(ss)(sss)- $25,000 plus maybe stock "incentives". Petersen gets his payoff, the price jumps and he sells. Mr. and Mrs. Smith are left with not one single flat little dime to give to the grandkids. Capitalism in its most glorious and wonderous form. And we owe it all to Mr. Petersen and Mr. Myers, and one or two others as well, because when this sort of thing happens it certainly takes more than two to tango. Like I said, my golden retriever could sniff out the stink.
Tell you one thing and it's easily investigated (verifiable). With less than an hour on Google you will find one strong AMPW buy rating for sure. It's right there on AOL/Daily Finance/AMPW. But with not too much more surfing you will find 6 or 7 strong sell ratings...from reputable and known financial analysts who have been in the game a long long time and whose fathers were too. Now if you averaged lets say 6 ratings each is worth 16.6% on a scale of 100%. So five of the unfavorable ratings, at 83% of the group commenting, would push that little arrow you see in to the sell/strong sell direction. That little ole 16.6% er would be dangling in the breeze all by its lonesome. Kind of funny, huh? Intelligence from a superior planet maybe? I don't know about coal, maybe its Kryptonite that we all oughta be after.
Here's a hot tip!!! (Like the financial newsletters write it) HOT TIP!! PAY CLOSE ATTENTION!!!!!!!!!!!!!! THIS ONE IS A NO BRAINER!!!!!!!!!!!!!!!... It's the Human Resources Address to Clown College at Ringling Brothers Barnum Bailey Circus: Field Entertainment, Inc. Attn: Talent and Production Department 1313 17th St. E Palmetto, FL 34221 Talented in what? Able to produce what? Well, that's up to the Human Resources Department to decipher.
As long as we're on the subject of clowns here's a clown joke: What's the difference between a dead cat lying in the road and a dead clown lying in the road? The dead cat has skid marks in front of it!
This is something I really did not know nor cared about until some recent events occurred in my life. You will notice, as in the case of AMPW to name one of thousands of companies out there, that every now and again they post some newsy type of thing on their Recent News section of their website. If you look closely at the end of the little newsy thing is the word MARKETWIRE. Marketwire is a subscription service, paid for (again?@$%^&*()_) by a company to give the investors the tools he may need to help him decide if this is a good stock or a bad stock, or to just maybe help him stay with the stock. It's used by PR and IR firms(Investor Relations). 99.9% of the companies out there use it positively. To inform, to update, to do all of the good "to do's" But there's that 1/10 of 1 % that have found yet another way to lead the faithful down the road to financial ruin. So if you read a Marketwire news blip ask yourself this, "What has this got to do with the company I may be about to invest in?" Anything?
How many rabbits can a company pull out of a hat, anyway? It's getting to be they're gonna need another hat soon.
Holy Crap Batman! Ever check out the website for Gold American Mining Co? Symbol SILA. Do yourself a favor and spend a minute over there. And then fast forward to AMPW's website. Gee, they're just so darn...similar. SILA was at 77 cents a share in August 2010. And the price is???? 11 cents/share close of market yesterday. And that's with gold over $1500/ounce.
Wanna know what I think? I think someone was making some timed buys today- for price support. That's what I think. To give the impression that folks are interested.
This is a report by John Meyers I cut and pasted in case you missed it the first time around. There's been a couple of changes since this shaft expert first made his unasked for appearance on my doorstep. The first is that the AMPW price is now 61 cents. It hasn't been 90 cents for quite some time. Secondly, I can't keep it straight...is it Peabody that wants the 29,000 acres or is it Rio Tinto? And for the life of my aged deteriorating memory I can never understand why Warren Buffet hasn't made an offer on AMPW yet!! Is Warren nuts??!!** That's it, I'm calling Warren right now. Is it with one T or 2 T's?
Here's the Short Version of Why:
Dear Investor:
Hype. . .or fact? When it comes to investing in the world of mining and energy I've got the kind of first-hand, mine-shaft experience that separates my recommendations from those of Wall Street.
My name is John Myers, and I grew up in the world of mining and energy investing - it's in my blood. My father was the famous C.V. Myers, one of the original "gold bugs" and an expert in natural resources. I was buying mining stocks at an age when most kids are still collecting baseball cards.
Over the years, I've helped subscribers to my newsletter services, John Myers' Resource Trader Alert, Outstanding Investments, Myers' Finance & Energy and Myers' Secret Stocks, stash away profits like these:
DRDGOLD Metallica Resources Coeur d' Alene Mines Glamis/Franciso Gold Wheaton River Minerals Intrepid Minerals PetroChina Southern Copper Corp +937% in 25 months +668% in 11 months +344% in 26 months +332% in 18 months +162% in 17 months +162% in 17 months +142% in 22 months +90% in 7 months I tell you this not to inflate my ego, but to give you confidence that I know what I’m doing. I’m not suggesting you should put your entire nest egg in American Power Corp. (AMPW), but I do think that if you act before the next round of takeover talks begins, this 90-cent stock could easily fetch as much as $20 a share by the time giant Rio Tinto makes its final offer!
That works out to a gain of 2,122%! It means, if I’m right, $10,000 invested in AMPW now, while you can still get it for under $1, would explode in value to $222,000!
You know, truth be known, (truth? truth?), I don't deny for a second that there is some coal somewhere's up in that neck of the woods. I just have this haunting suspicion that it's buried under 3 feet of spent plutonium.
Credibility. I'm thinking this whole AMPW thing lacks credibility. Because nothing about it really makes any sense. Not to a thinking person anyway. Not when you stop, and pause, and digest everything that's been put before us. Big buy ratings from analysts that have crawled out from under rocks....and then rapidly crawl right back under a different rock...in a different part of the world. With their big projections. Based on big degrees and "you could never understand where I'm coming from" train of thought. Because apparently we are too stupid. Multi-million, multi-billion dollar pie in the sky dreams. From people whose credentials, regardless of "oh me and oh my" how dare you kinds of thoughts t really aren't very creditable. In fact, most of humanity would be positively ashamed at making some of the announcements some have made in the last 6 months. But with some people there is no sense of shame. Just a sense of how far in you can stick a big knife. And if there is no sense of shame then certainly there is no sense whatsoever of pain. How much pain for the uneducated. For the hard working. For the person that just wants to believe that once, just maybe once he can swing a deal that makes his family look at him with permanent pride. Based on the evidence he makes that move, it comes out badly, and now not only is he a laughingstock but his pride, his sense of self worth , his entire essence is permanently and irreparably damaged. Big degrees from big universities and yet you get the feeling all that good education is being used to decieve, to take advantage, to...well...hate to say it...but I will...you get the feeling that the intent of all of this is to get your hard earned dollar. And not to get your hard earned dollar to take it, invest it, and give you two dollars in return. No...sadly...you could easily get the impression that once you contribute your dollar in what you think, what you hope, will be rewarded, is really a dollar better spent buying girl scout cookies. Here's what comes to my mind tonight...ENRON. WorldCom. Global Crossing. AmBac. Citi Bank. Madoff. Millken. 1987. 2000.2008. Fannie Mae. Freddie Mac. BP. Transocean. And tulips. More tulips than the eye could see, tulips everywhere. Ripoff after ripoff after ripoff.
Well well well. A brightening picture on the Pace Coal Project is finally beginning to emerge. One that AMPW doesn't seem to mention in its slick ads.
Apparently Pace got the property from the Giffen Mine Company, which ceased operations in 1961, around 1964. Maybe he won it in a lawsuit? But more likely than not it was an abandoned mine as there are many in Montana, which is how I'm begining to suspect the boy wonders found it in the first place. And then Pace sold it to AMPW...well...sold it? Basically, Pace did gave away (as has been correctly reported by Variant.
And it appears that the Pace Coal Gasification project never really got into high gear, low gear, or maybe any gear. And I have this feeling that the reason for that is environmental. Specifically, ground water and acquifiers. How would you like it if you opened your faucet for a glass of water and it came out brown? AMPW gives the image of once doing the survey and drillhole work that everything is then shovel ready. And although there are no doubts parts of Montana that are "coal friendly" (that's like saying there are parts of Appalachia that are coal friendly), there are about 10 well organized, mainstream environmental groups that appear to be opposing almost every thing to do with coal. They are not concerned about China and India. They are concerned about their own quality of life. Deer hunting, trout fishing, snowmobiling, skiing...a little something for everyone. Farming.
There is a force in that state, Montana, that opposes mining coal, transporting it, burning it and then with dealing with mines that have been shut down and the property goes into "environmental disrepair". I have a feeling too that the Pace coal, although it might be there, is facing a 5 year permit battle alone. A permit battle that could take 10-20 million dollars in legal costs, maybe more. Kick starting the mining of the coal as the promoters repeat dayin and day out is a pipedream. It's like saying Japan could build a nuclear power plant tomorrow no problem, just send the bricks and mortars...and radiation suits. Then too all that talk about BNSF? And Warren Buffett? It sounds like BNSF is one very disliked concern. The trains are long, they are loud, and noisy, and there are too many of them. And it doesn't sound as if mainstream Montanans get any financial beenfits of putting up with all of that beyond jobs. What kind of milk would a cow produce if it was subjected to that kind of indigestion twelve times a day?
Remember what I mentioned about Marketwire as a paid subscription service? Well, low and behold there is a new one on AMPW's site today. It's about Hess Oil, a major player. But what has Hess, over yonder in NJ, got to do with AMPW over in who the hell really knows where? Yet another worm on a hook waiting for someone to bite.
You know darned but I think it happened again today. I have the feeling, just a feeling but one nonetheless, that every time AMPW approaches 59 cents a share someone steps in and buys enough to get the price back up to...like .62. What do I know? My name isn't Warren Buffet!! And I don't ride around on the BNSF. It's really just an observation that seems to have occurred regularly with a very similar pattern these past two days. Extremely similar I might add. I think the stock pros would call it symmetrical triangulation, except the standard legitimate format differs from what has been viewed lately in that traditionally there are supposed to be some sharp peaks and angles and lately with AMPW it's straight up, and I do mean straight up, horizontal over for 20 or so minutes, and then brought down again by increased selling yet again. Maybe an hour later same scene again. Straight up, a horizontal line over, and then straight back down again.
It's almost like with 15 swords in its poor battling body the bull caught in the ring won't give up. Can't give up. The crowd is yelling for the matadors to finish the job but the bull lives on. The bull feels violated and the matador does all he can to perpetuate the violation but at this point there can be only one winner. And quite obviously, only one loser. Sometimes a matador gets gored. On occassion, they have even been gored to death. Thjs is a well known risk when one gets into the ring to challenge a bull. Although most might view the bull as a dumb oxen of sorts perhaps the bulls wounded movements, his wounded pride, his manliness, takes front stage to his incredible ability to survive under very adverse odds. The matador might win, and the crowd of half drunkard spectators might cheer, and the bull will most certainly die, but it's the bull's spirit that creates the lasting memory. The matador gets the immediate cheers but the bull gets the long term memory. Its the bull, and not the matador, that has a beautifully painted ornate Christmas ornament on the holiday tree year after year. The matador? Long forgotten, and more times than not an embarrassment.
Someone mentioned recently, with a very good heart I might add, that I make a lot of posts. There's nothing here to block others from making posts. In point of fact, I'm more than a little bit surprised that others don't. You can spend 10 hours waiting to speak to your Governor for maybe 5 minutes, when you can spend 5 minutes here and talk for 10 hours. Lets see...being heard?...or being understood. That's what's known as being worlds apart. Some people just want to be heard. I'd prefer to be understood. It helps to make those points you think are important to make.
Keith- That's common knowledge. Everyone knows that. No argument there. In actuality he sold the mineral rights to AMPW for about $400,000 in upfront money due in two initial installmen. Pace loaned the money to AMPW at 5% interest make the purchase. That 5% interest has been waived for the first two years. The operator of this website, Variant, says so in his opening paragraphs. The SEC says so, I have corroborated it myself as I'm sure others have done as well. The question, my very good friend, that I'd like to ask you and others as well if you think I'm out to lunch is...why? Why does someone sign away the rights to a supposed 300-400 million tons of what is probably the highest BTU rated coal out there, i.e. less coal burned more heat less expensive for a power company. Why?
Investopedia explains Falling Knife As the phrase suggests, buying into a market with a lot of downward momentum can be quite dangerous. If timed perfectly, a buy at the bottom of a long downtrend can be rewarding - both financially and emotionally - but the risks run extremely high. This term implies that the investment will never be a good one again. Examples of stocks that have plummeted are plentiful; a widely-held stock can drop precipitously as the equity ownership is reduced to nothing.
I think Mr. Isam2424 needs to read the following. This project is real and there is the coal in the ground as stated. Mobil did a survey there in 1979. Please click on the following link.
And then click on the other links at the top of the pages that shows all the documentation.
The fact that the company used an existing corporation namely Teen Glow Makeup, so that they could get to work on the mine more quickly is inconsequential...it happens all the time. It's just like a reverse merger, and it does save alot of time going through the SEC rig-a-marol...Then you just rename the company to American Power. It's pretty simple and like I said...happens all the time! Good luck, I'm in...and like I said, there's Coal in "Them There Hills"...30 BILLION dollars worth!!! Good Luck!
If you look back in the historical price section of Yahoo Finance, you'll see that the stock once hit 61 Cents back on October 27th, 2010. Just recently the stock hit 59 Cents, ran to 81 then back to 59 cents. This is a classic example of the stock hitting support, a near term double bottom at 59, and a long term Triple Bottom. Do you know what Technical Analysis tells you to do??? BUY HERE, it's Triple Bottoming!
One last thing, sometimes people say bad things about a stock so that they can spread rumor and try to make the price go down. then they buy up all the stock for a dime and get rich. I don't think that is right, but to each his own...but I hear someone complaining that he can't say enough bad things to get this stock, AMPW, to go down past 59 cents...someone sounds a little frustrated, you think...??? Don't wait for this one to get to a dime, it never will. Once the Pace Coal project receives it's Montana State Permit, this stock will "Never Look Back". Only 91 million shares are outstanding (Total), (the Float may be less), and at $10.00 a share, this company is still less than a 1 billion dollar company. And there's over 30 Billion Dollars of coal in the ground. Remember this too, people are allowed to fail in life, but those that quit I have no respect for. Maybe these guys have tried and failed before, but I think that they took everthing they learned along the way and are onto someting big here. Look at the contracts, www.faqs.org/sec-filin... This company is real, has financing and is getting this mine up to speed to mine Black Gold, C O A L!!! Good Luck and remember, Only in America!!! God Bless You All, even you Mr. Isam2424.
Montana is the Biggest Coal Mining State in the US!!! Bigger than West Virginia! With the economy so bad, and peole out of work, fuel prices so high, I wonder why Mr. ISAM242 thinks that Montana is coal mining "Unfriendly"? How is that possible when they are the largest producer of coal in the US??? That just doesn't make any sense to me...and what exactly is he basing his statements on? Please give us facts, not your swayed opinion that discourages people from prospering from this opportunity. I look forward to hearing the news that they have received their PERMIT to MINE. I'll sent you a post when it happens...remember, the stock is showing great support here at 60 cents...it's triple bottoming.
Mr. Isam2424, I just read more of your posts and I can't believe the things you are saying. Do you know what the words Libel and Slander mean??? You could get sued for what you have said here. Mobil did a study in 1979 and discovered a huge potential of coal in these 29,000 acres. It's just that simple. And it's not burried below 3 feet of plutonium...what are you even talking about? It's obvious that you want to trash this stock and company so that the stock goes to a dime and then you can load up. So, everyone out there, do your own homework and remember that everyone has their own agenda. For me, I may take a little trip on an airplane and rent a car for a couple of days. I've always wanted to see Montana, and Spring is a perfect time. So Mr. Isam2424, want to come with me? Or should I just send you the pictures...the things you have said are a joke, and now we know your agenda...stop saying libelous and slanderous lies to promote your own agenda!
This Closing Statement agreed to and executed this 9th day of April, 2010, by and between JBM Energy Company, LLC, a Delaware limited liability company ("JBM"). Russell B. Pace, Jr. ("Pace"), Teen Glow Makeup, Inc. (name change to American Power Corp. in process), a Nevada corporation ("Buyer"), and Realty Title Company, Inc., a Montana corporation ("Escrow Agent"),
WITNESSETH:
1. Pursuant to the terms and conditions of the Escrow Agreement, entered into this 9th day of April, 2010, by and between JBM, Pace, Buyer and Escrow Agent, the following documents were delivered to the Escrow Agent to be held by it subject to the terms and conditions of said Escrow Agreement.
a. Quit Claim Deed dated April 9, 2010, from JBM to Buyer b. Quit Claim Deed dated April 9, 2010, from Pace to Buyer c. Mortgage and Security Agreement dated April 9, 2010 from Buyer to JBM and Pace
2. Buyer executed and delivered (a) its Promissory Note for $1,750,000 to JBM, and (b) its Promissory Note for $1,950,000 to Pace.
3. Buyer has bank wired $150,000 to the account of JBM in the US Bank in Great Falls, Montana.
4. Buyer and Pace agreed that the 250,000 shares of stock which Buyer was to have delivered to Pace on April 9, 2010, will be delivered to Pace as soon as the reorganization of Buyer is completed which Buyer expects to occur within the next 3-4 weeks. The stock will be mailed to Pace at:
5. Promptly upon receipt from Buyer of funds for JBM and Pace, Escrow Agent will bank wire all of the funds received from Buyer to either JBM or Pace after deducting any bank wire fees or charges incurred. The bank wire instructions for wiring funds to JBM and Pace are as follows:
A. For JBM Energy Company, LLC
Bank wire $ to: U.S. Bank
300 Central Avenue Great Falls, MT 59401
406-455-1077Bank Routing/ARA Number 092900383 For the account of: JBM Energy Company, LLC Account No. 1-500-9034-1333 B. For Russell B. Pace, Jr.
Bank wire $ to: Bank of America
2103 Barracks Road
Charlottesville, VA 22903
434-963-2907Bank Routing/ARA Number 051000017 For the account of: Russell B. Pace, Jr. Margaret A. Pace Account No. 0041-1036-9763
6. Bank wire instructions for funds to be bank wired from Buyer to Escrow Agent are set forth in Exhibit A attached hereto.
7. At closing Escrow Agent will be paid a flat one time fee of $800 to set up and service all payments made under the Escrow Agreement. Any bank wire fees or charges incurred will be deducted from the amounts bank wired to JBM and Pace. Recording fees for recording the documents will be paid to Escrow Agent at closing.
8. JBM and Buyer agree to amend paragraph 2.a. of the Coal Buy and Sell agreement to give Buyer twenty-four (24) months to complete the drilling and prepare the reserve Study and the Mine Feasibility Study with a Mining Plan (instead of 18 months as presently provided). All other language and provisions in said paragraph 2.a. should remain the same and in full force and effect.
9. JBM and Buyer agree to amend paragraph 10.a. of the Coal Buy and Sell Agreement by adding at the end of the last sentence of paragraph 10.a. the following:
", and the Buyer's Promissory Note for the remaining balance of $1,250,000 shall be cancelled."
All other language and provisions in said paragraph 10.a. should remain the same and in full force and effect.
10. Buyer and Pace agree to amend paragraph 9.a. of the Mineral Buy and Sell Agreement by adding the following sentence at the end of paragraph 9.a.
"If Buyer makes timely all payments provided for in paragraph 2 above, and if Buyer becomes entitled to receive the 40% equity interest in JBM as provided for in paragraph 10.a. of the Coal Buy and Sell Agreement, Buyer's Promissory Note to Pace for the remaining balance of $1,250,000 shall be cancelled.
All other language and provisions in said paragraph 9.a. should remain the same and in full force and effect.
11. Buyer and JBM agree to amend paragraph 10.a. of the Coal Buy and Sell Agreement to provide that if JBM, at its option deems the Coal Agreement terminated, null, void and no further force and effect, at which time Buyer shall have no further rights or liabilities under the Coal Agreement or the Promissory Note issued by Buyer thereunder, and all payments made by Buyer shall be deemed forfeited and non-refundable.
All other language and provisions in said paragraph 10.a. shall remain the same in full force and effect.
12. Buyer and Pace agree to amend paragraph 9.a. of the Mineral Buy and Sell Agreement to provide that if Pace, at his option deems the Mineral Agreement terminated, null, void and no further force and effect, at which time Buyer shall have no further rights or liabilities under the Mineral Agreement or the Promissory Note issued by Buyer thereunder, and all payments made by Buyer shall be deemed forfeited and non-refundable.
All other language and provisions in said paragraph 9.a. shall remain the same and in full force and effect.
Executed as of this 9th day of April, 2010.
By: BUYER: Teen Glow Makeup, Inc. {name change to American Power 'Corp. in process) By:
/s/ Russell B. Pace, Jr. /s/ Johannes Petersen Russell B. Pace, Jr. Johannes Petersen Individually President
ESCROW AGENT JBM Energy Company, LLC Realty Title Company, Inc.
By: By: /s/ Russell B. Pace, Jr.
Russell B. Pace, Jr. Sole Manager
EXHIBIT A TO CLOSING
REALTY TITLE COMPANY 201 6th Street South Lewistown, MT 59457 (406) 535-2326/8176 Phone (406) 535-5184 Fax e-mail: rtc@midrivers.com
WIRE TRANSFER ROUTING INSTRUCTIONS
TO BE ASSURED OF PROMPT PROCESSING OF YOUR INCOMING WIRES PLEASE PROVIDE THE FOLLOWING INSTRUCTIONS TO THE INITIATING BANK:
RECEIVING BANK: (Field 3400)
First Bank of Montana 224 W. Main Street Lewistown, MT 59457 (406) 538-7471 ABA ROUTING TRANSIT NUMBER 092900736
Why you ask? It appears that the Seller of the Property reaps rewards for all the coal, minerals or oil mined or drilled for on the property. He or his heirs receive a percentage of the revenues for the life of the project. I don't know about you, but if some guys with 10 million in financing want to sign the proper documentation, do exploratory drilling, make a plan to mine the property, give me cash, give me stock, arrange for access, attain a permit from the State of Montana, mine the property, live up to their side of the bargain, and give me residual income for the life of the mine with nothing for me to lose, I would say resoundingly, YES! Especially if I have the papers from Mobil from 1979 telling me there is up to 410 million tonnes of high grade coal on the property. The bigger question is this; Why are you so against this company and where do you get your facts? You sure make alot of posts for a guy who's not getting paid for it. So, whats your agenda...why are you here making almost 100 posts? This is my last one...so you can go back trashing AMPW. I'll let you know once they receive their Permit from the State of Montana...my advice to you is go to Montana and walk the property and talk to the guys when they do their exploratory drilling, then come back here and tell us all what you saw..until then, stop spreading libelous slander and rumor. What have you ever done in this world that makes you such an expert? Did you once own your own mine of some kind? One last thing...an old Jewish man once told me, "Everything is Not What it Appears"! So if you think you know everything, you don't, no one does...you just think you do. There are always reasons that you have no idea about. This is called "Understanding", I call it understanding that I don't know all the reasons people do what they do in this world. Every time I look at a situation in life I have to remind myself that I don't know, nor will I ever know all the reasons or thoughts in other peoples heads and minds...this is called understanding and being Humble. You have no idea what the truth about this property really is, nor do I, but time will tell, and then time will let you know what the truth really is. Until then, why don't you just RELAX and see what happens instead of saying nonsense and causing panic and confusion just so you can drive the stock down so you can pick it up on the cheap as they say...I think I really will be going out there this spring or summer. I'll let you know what I see and if you provide me your e-mail address, I'll send you some pictures of the 29,000 acres. Sound like a deal?
One more thing, these young guys in all likelihood will do all of the groundwork for getting this property ready to mine, including getting property access permissions, doing more exploratory drilling, making a proper plan to mine the property once the drilling results have been examined, gaining the State of Montana permit and so on. Once all of that happens, there is sure to be some big interest in a ready to go mine with all of the paperwork, permits and preparation in order. In my opinion, at that point, a Rio Tinto or Peabody will be ready to step in and buyout the rights of little AMPW.OB. When that happens, that will be the payoff day. And that does appear to be logical to me. So, place your bets now here at the bottom, 60 cents, for a possible $10.00- $20.00 payoff later, most likely 2 years. What that? 1500 % - 3,000%? Not bad, but don't wait for this to go to a dime...I don't think it'll ever make it there...the project is moving along fast...
FOR VALUE RECEIVED, undersigned, Teen Glow Makeup, Inc. (name change to American Power Corp. in process), a Nevada corporation, hereby promises to pay to the order of Russell B. Pace, Jr. ("Pace") the principal sum of One Million Nine Hundred Fifty Thousand U.S. Dollars ($1,950,000), to be payable according to the following schedule and terms.
1. Principal payments shall be made in the following amounts on the following dates: a. $200,000 on October 9, 2010.
b. $200,000 on April 9, 2011.
c. $100,000 90 days following completion of the Reserve Study and Mining Plan by undersigned as required by undersigned's agreement with Pace, but in no event later than on April 9, 2012.
d. $200,000 180 days following completion of the Reserve Study and Mining Plan by undersigned as required by undersigned's agreement with Pace, but in no event later than April 9, 2012.
e. Commencing on April 9, 2014, the remaining principal balance of One Million Two Hundred Fifty Thousand U.S. Dollars ($1,250,000) shall be paid in eight (8) equal quarterly installments plus all accrued interest on the unpaid principal balance due on the date of each installment payment of principal. Said quarterly installments of $156,250 each, plus the accrued interest, shall .be paid on April 9, 2014, July 9, 2014, October 9, 2014, January 9, 2015, April 9, 2015, July 9, 2015, October 9, 2015 and January 9, 2016.
This Note shall, bear interest at the rate of five percent (5%) per annum, but no interest shall be due and payable by undersigned during the first two (2) years following April 9, 2010. Interest shall commence to accrue starting on April 9, 2012, and interest only payments of $15,625 each shall be paid quarterly on the ninth (9th) day of each following July, October, January and April of every year through April 9, 2014 when thereafter quarterly interest payments are calculated on unpaid principal balances through the end of each quarter.
3. Undersigned shall have the right to prepay all or any part of the principal balance at any time without penalty.
4. All payments of principal and interest shall be made in cash by bank wire according to bank wire instructions given by Pace to undersigned from time to time.
5. All payments shall be first applied to interest and the balance to principal. All prepayments shall be applied in reverse order of maturity.
6. This Note is secured by a Mortgage of even date herewith (the "Mortgage") which constitutes a first lien upon coal and other mineral rights located in Judith Basin County, Montana.
7. This Note shall become due and payable at the option of the holder hereof, immediately upon default in payment of any installment of principal or interest payable hereunder, or any part thereof, or upon failure to comply with any of the terms, covenants, conditions or agreements contained in the Mortgage or other security instrument securing this Note, or upon the dissolution or liquidation of the undersigned, or upon the filing by undersigned of an assignment for the benefit of creditors, a petition in bankruptcy or other relief under the Bankruptcy Code, or by suffering an involuntary petition in bankruptcy or receivership not vacated within 30 days.
8. The undersigned agrees to pay all costs of collection, including reasonable attorney and paralegal fees, if this Note is placed in the hands of an attorney for collection after default, and hereby waives demand, presentment for payment, protest, notice of protest, and notice of dishonor.
9. Waiver by the holder hereof of any default by the undersigned shall not constitute a waiver by the holder of a subsequent default. Failure by the holder to exercise any right, power or privilege which he may have by reason of a default by the undersigned, shall not preclude the exercise of such right, power or privilege, so long as such default remains uncured or if a subsequent default occurs.
10. If the coal or other mineral rights encumbered by the Mortgage, or any portion thereof, or any interest therein, are sold, mortgaged, or conveyed or become subject to an agreement to sell, mortgage, or convey prior to the time this Note shall have been paid in full, then the entire balance of principal and accrued interest hereunder shall at the option of the holder hereof become immediately due and payable.
11. If Buyer makes timely all payments provided for hereunder, and if Buyer becomes entitled to receive the 40% equity interest in JBM as provided for in paragraph 10.a. of the Coal Buy and Sell Agreement between Buyer and JBM, this Promissory Note for the remaining balance of $1,250,000 shall be cancelled.
12. This note is made and executed under, and is in all respects to be governed by, the laws of the State of Montana.
This Note is being executed this 9th day of April, 2010.
TEEN GLOW MAKEUP, INC. (name change to American Power Corp. in process) By: /s/ Johannes Petersen President Undersigned Maker
These are FACTS, not fantasy, or people opinions about AMPW.OB, American Power. These are the real legal documents putting into place the real business of the Pace Coal Project, not slander and hypothetical assumptions put forward by one man with an agenda of trashing a stock for self-fulfilling purposes.
There is no evidence that any of the obligations of American Power to date have not been satisfied.
Therefore, it appears that everything is on track for American Power and it's stockholders.
The first note (above) is payable to the Individual, Russell B Pace, Jr.
This note (below) is payable to the corporation, JBM Energy, a Delaware Corporation.
PROMISSORY NOTE
$1,750,000 April 9, 2010
FOR VALUE RECEIVED, undersigned, Teen Glow Makeup, Inc. (name change to American Power Corp. in process), a Nevada corporation, hereby promises to pay to the order of JBM Energy Company, LLC, a Delaware limited liability company ("JBM"), the principal sum of One Million Seven Hundred Fifty Thousand U.S. Dollars ($1,750,000), to be payable according to the following schedule and terms.
1. Principal payments shall be made in the following amounts on the following dates:
a. $200,000 on July 9, 2010.
b. $200,000 on January 9, 2011.
c. $100,000 90 days following completion of the Reserve Study and Mining Plan by undersigned as required by undersigned's agreement with JBM, but in no event later than on April 9, 2012.
d. Commencing on April 9, 2014, the remaining principal balance of One Million Two Hundred Fifty Thousand U.S. Dollars ($1,250,000) shall be paid in eight (8) equal quarterly installments plus all accrued interest on the unpaid principal balance due on the date of each installment payment of principal. Said quarterly installments of $156,250 each, plus the accrued interest, shall be paid on April 9, 2014, July 9, 2014, October 9, 2014, January 9, 2015, April 9, 2015, July 9, 2015, October 9, 2015 and January 9, 2016.
2. This Note shall bear interest at the rate of five percent (5%) per annum, but no interest shall be due and payable by undersigned during the first two (2) years following April 9, 2010. Interest shall commence to accrue starting on April 9, 2012, and interest only payments of $15,625 each shall be paid quarterly on the ninth (9th) day of each following July, October, January and April of every year through April 9, 2014 when thereafter quarterly interest payments are calculated on unpaid principal balances through the end of each quarter.
3. Undersigned shall have the right to prepay all or any .part of the principal balance at any time without penalty.
4. All payments of principal and interest shall be made in cash by bank wire according to bank wire instructions given by JBM to undersigned from time to time.
5. All payments shall be first applied to interest and the balance to principal. All prepayments shall be applied in reverse order of maturity.
6. This Note is secured by a Mortgage of even date herewith (the "Mortgage") which constitutes a first lien upon coal and other mineral rights located in Judith Basin County, Montana.
7. This Note shall become due and payable at the option of the holder hereof, immediately upon default in payment of any installment of principal or interest payable hereunder, or any part thereof, or upon failure to comply with any of the terms, covenants, conditions or agreements contained in the Mortgage or other security instrument securing this Note, or upon the dissolution or liquidation of the undersigned, or upon the filing by undersigned of an assignment for the benefit of creditors, a petition in bankruptcy or other relief under the Bankruptcy Code, or by suffering an involuntary petition in bankruptcy or receivership not vacated within 30 days.
8. The undersigned agrees to pay all costs of collection, including reasonable attorney and paralegal fees, if this Note is placed in the hands of an attorney for collection after default, and hereby waives demand, presentment for payment, protest, notice of protest, and notice of dishonor.
9. Waiver by the holder hereof of any default by the undersigned shall not constitute a waiver by the holder of a subsequent default. Failure by the holder to exercise any right, power or privilege which it may have by reason of a default by the undersigned, shall not preclude the exercise of such right, power or privilege, so long as such default remains uncured or if a subsequent default occurs.
10. If the coal or other mineral rights encumbered by the Mortgage, or any portion thereof, or any interest therein, are sold, mortgaged, or conveyed or become subject to an agreement to sell, mortgage, or convey prior to the time this Note shall have been paid in full, then the entire balance of principal and accrued interest hereunder shall at the option of the holder hereof become immediately due and payable.
11. If Buyer makes timely all payments provided for hereunder, and if Buyer becomes entitled to receive the 40% equity interest in JBM as provided for in paragraph 10.a. of the Coal Buy and Sell Agreement between Buyer and JBM, this Promissory Note for the remaining balance of $1,250,000 shall be cancelled.
12. This note is made and executed under, and is in all respects to be governed by, the laws of the State of Montana.
This Note is being executed this 9th day of April, 2010.
TEEN GLOW MAKEUP, INC. (name change to American Power Corp. in process) By: /s/ Johannes Petersen President Undersigned Maker
16 Market Square Centre 1400 16th Street, Suite 400 Denver – CO 80202 Tel: 720.932.8389Fax: 720.222.5151 (Address of principal executive offices)
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Copies to: JPF Securities Law, LLC 19720 Jetton Road Suite 300 Cornelius, NC 28031 Tel: 704-897-8334Fax: 270- 897-8338
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This Current Report on Form 8-K is filed by Teen Glow Makeup, Inc., a Nevada corporation (“Teen Glow” or the “Company” or “Registrant”), in connection with the items described below.
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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TABLE OF CONTENTS
Item 1.01 Entry into a Material Definitive Agreement Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an off Balance Sheet Arrangement of a Registrant Item 9.01 Financial Statements and Exhibits Exhibit 10.1 Escrow Agreement Exhibit 10.2 Quit Claim Mineral & Coal Deed Exhibit 10.3 Mortgage and Security Agreement Exhibit 10.4 Promissory Note with Pace Exhibit 10.5 Promissory Note with JBM Exhibit 10.6 Closing Statement Signatures
Item 1.01 Entry into a Material Definitive Agreement
Escrow Agreement
On April 9, 2010, Teen Glow entered into an Escrow Agreement by and between JBM Energy Company, LLC, a Delaware limited liability company (“JBM”), Russell B. Pace, Jr (“Pace”) and Realty Title Company, Inc., a Montana corporation (“Escrow Agent”). JBM and Pace have entered into agreements with Teen Glow whereby they are conveying certain coal and other mineral rights in Judith Basin County, Montana to Teen Glow pursuant to Quit Claim Deed. JBM and Pace have also executed a Mortgage which secures payments and other obligations due from Teen Glow to JBM and Pace. Pursuant to the Escrow Agreement, the Quit Claim Deeds and the Mortgage will be placed in escrow and held in escrow until the satisfaction of certain conditions, at which time they would be delivered to the parties entitled thereto and recorded. The Escrow Agreement is attached hereto as Exhibit 10.1.
Quit Claim Deeds
On April 9, 2010, Pace and Teen Glow executed a Quit Claim Mineral Deed. Pursuant to the Quit Claim Mineral Deed, Pace, for good and valuable consideration, conveyed, remised, and forever quit claim unto Teen Glow, and to its successors and assigns forever, all mineral rights located under real property in Judith Basin County, Montana. The Judith Basin County property comes with all tenements, hereditaments, and appurtenances thereto belonging and also all of the estate, right, title, interest, property, possession, claim and demand whatsoever, as well in law as in equity, of Pace, of in, or to the premises to have and to hold with the appurtenances unto Teen Glow and to its successors and assigns forever. The Quit Claim Mineral Deed transfers all mineral rights (except for Coal), all oil rights and all gas rights owned by Pace in the Judith Basin County property. Also included in the Quit Claim Mineral Deed is reference to the Mineral Buy and Sell Agreement attached as exhibit 10.6 on the Form 8-K filed with the Securities and Exchange Commission on April 5, 2010, which is hereby incorporated by reference. The Quit Claim Mineral Deed is filed hereto as Exhibit 10.2.
On April 9, 2010, JBM and Teen Glow executed a Quit Claim Coal Mineral Deed. Pursuant to the Quit Claim Coal Mineral Deed, JBM, for good and valuable consideration, conveyed, remised, and forever quit claim unto Teen Glow, and to its successors and assigns forever, all coal rights located under real property in Judith Basin County, Montana. The Judith Basin County property comes with all tenements, hereditaments, and appurtenances thereto belonging and also all of the estate, right, title, interest, property, possession, claim and demand whatsoever, as well in law as in equity, of JBM, of in, or to the premises to have and to hold with the appurtenances unto Teen Glow and to its successors and assigns forever. The Quit Claim Coal Mineral Deed transfers all coal rights owned by JBM in the Judith Basin County property. Also included in the Quit Claim Coal Mineral Deed is reference to the Coal Buy and Sell Agreement attached as exhibit 10.1 on the Form 8-K filed with the Securities and Exchange Commission on April 5, 2010, which is hereby incorporated by reference. The Quit Claim Mineral Deed is filed hereto as Exhibit 10.2.
Mortgage and Security Agreement
On April 9, 2010, Teen Glow, Pace, and JBM entered into a Mortgage and Security Agreement. Teen Glow, for the sum of Three Million Seven Hundred Thousand Dollars ($3,700,000) financed by Pace and JBM and acknowledged by Teen Glow, mortgaged and confirmed unto Pace and JBM, their successors and assigns, the following properties:
- Real Property: The real property is located in Judith Basin County, Montana, and consists of Mineral rights and Coal rights; and
- Rents and Profits: All rents, issues, royalties and profits now due or which may hereafter become due under or by virtue of any lease, license, sublease, or agreement, written or verbal, for the use, mining or other exploration of the properties or any part thereof, whether now existing or hereafter made; and
- Judgment and Awards: All awards and other compensation heretofore or hereafter made to the present and all subsequent owners of the properties for any taking or damaging by eminent domain, either permanent or temporary, of all or any part of the properties or any easement or appurtenances thereof.
These properties are being sold by Pace and JBM and the Mortgage and Security Agreement is executed for the purpose of securing payment of the unpaid principal balance and the other agreed upon obligations contained in all agreements between Pace, JBM, and Teen Glow. The Mortgage and Security Agreement is attached hereto as exhibit 10.3. The unpaid principal balance is described in more detail within the Promissory Note section of this Current Report of Form 8-K.
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Promissory Notes
On April 9, 2010, Teen Glow signed a Promissory Note with Pace, stating the Teen Glow promises to pay to the order of Pace the sum of One Million Nine Hundred Fifty Thousand U.S. Dollars ($1,950,000), to be payable to the following schedule and terms:
i. $200,000 on October 9, 2010
ii. $200,000 on April 9, 2011
iii. $100,000 90 days following completion of Reserve Study and Mining Plan by Teen Glow as required by Teen Glow’s agreement with Pace, but in no event later than on April 9, 2012
iv. $200,000 180 days following completion of Reserve Study and Mining Plan by Teen Glow as required by Teen Glow’s agreement with Pace, but in no event later than April 9, 2012
v. Commencing on April 9, 2014, the remaining principal balance of One Million Two Hundred and Fifty Thousand U.S. Dollars ($1,250,000) shall be paid in eight (8) equal quarterly installments plus all accrued interest on the unpaid principal balance due on the date of each installment payment of principal. Said quarterly installments of $156,250 each, plus the accrued interest, shall be paid on April 9, 2014, July 9, 2014, October 9, 2014, January 9, 2015, April 9, 2015, July 9, 2015, October 9, 2015 and January 9, 2016.
This Promissory Note shall bear interest at the rate of five percent (5%) per annum, but no interest shall be due payable by Teen Glow during the first two (2) years following April 9, 2010. Interest shall commence to accrue starting on April 9, 2012 and interest only payments of $15,625 each shall be paid quarterly on the ninth (9th) day of each following July, October, January and April of every year through April 9, 2014 when thereafter quarterly interest payments are calculated on unpaid principal balances through the end of each quarter. Teen Glow has the right to repay all or any part of the principal balance at anytime without penalty. All payments shall be made by bank wire. This Promissory Note is secured by the Mortgage and Security Agreement which constitutes a first lien upon coal and other mineral rights located in Judith Basin County, Montana. The Promissory Note between Teen Glow and Pace is attached hereto as Exhibit 10.4.
On April 9, 2010, Teen Glow signed a Promissory Note with JBM, stating the Teen Glow promises to pay to the order of JBM the sum of One Million Seven Hundred Fifty Thousand U.S. Dollars ($1,750,000), to be payable to the following schedule and terms:
vi. $200,000 on July 9, 2010
vii. $200,000 on January 9, 2011
viii. $100,000 90 days following completion of Reserve Study and Mining Plan by Teen Glow as required by Teen Glow’s agreement with JBM, but in no event later than on April 9, 2012
ix. Commencing on April 9, 2014, the remaining principal balance of One Million Two Hundred and Fifty Thousand U.S. Dollars ($1,250,000) shall be paid in eight (8) equal quarterly installments plus all accrued interest on the unpaid principal balance due on the date of each installment payment of principal. Said quarterly installments of $156,250 each, plus the accrued interest, shall be paid on April 9, 2014, July 9, 2014, October 9, 2014, January 9, 2015, April 9, 2015, July 9, 2015, October 9, 2015 and January 9, 2016.
This Promissory Note shall bear interest at the rate of five percent (5%) per annum, but no interest shall be due payable by Teen Glow during the first two (2) years following April 9, 2010. Interest shall commence to accrue starting on April 9, 2012 and interest only payments of $15,625 each shall be paid quarterly on the ninth (9th) day of each following July, October, January and April of every year through April 9, 2014 when thereafter quarterly interest payments are calculated on unpaid principal balances through the end of each quarter. Teen Glow has the right to repay all or any part of the principal balance at anytime without penalty. All payments shall be made by bank wire. This Promissory Note is secured by the Mortgage and Security Agreement which constitutes a first lien upon coal and other mineral rights located in Judith Basin County, Montana. The Promissory Note between Teen Glow and JBM is attached hereto as Exhibit 10.5.
Closing Statement
On April 9, 2010, Teen Glow, JBM, Pace, and the Escrow Agent signed and executed the Closing Statement. Pursuant to the Closing Statement, Teen Glow affirms the following:
1. The Quit Claim Deeds and the Mortgage and Security Agreement were delivered to the Escrow Agent pursuant to the terms of the Escrow Agreement; and
2. Teen Glow executed and delivered the Promissory Note for $1,750,000 to JBM and the Promissory Note for $1,950,000 to Pace; and
3. Teen Glow wired $150,000 to the JBM bank account designated; and
4. Teen Glow and Pace agreed that 250,000 shares of stock of Teen Glow will be delivered to Pace as soon as the reorganization of Teen Glow is completed; and
5. Upon receipt from Teen Glow of funds for JBM and Pace, the Escrow Agent will bank wire all of the funds received from Teen Glow to either JBM or Pace after deducing any bank wire fees or charges incurred; and
6. The Escrow Agent will be paid a flat one time fee of $800 to set up and service all payments made under the Escrow Agreement; and
7. JBM and Teen Glow agree to amend paragraph 2.a of the Coal Buy and Sell Agreement to give Teen Glow twenty four (24) months to complete the drilling and prepare the Reserve Study and the Mine Feasibility Study with a Mining Plan (instead of 18 months as presently provided). The Coal Buy and Sell Agreement attached as Exhibit 10.1 to the Form 8-K filed with the Securities and Exchange Commission on April 5, 2010 is hereby incorporated by reference; and
8. JBM and Teen Glow agree to amend paragraph 10.a of the Coal Buy and Sell Agreement by adding at the end of the last sentence of paragraph 10.a the following: “and the Buyer’s Promissory Note for the reaming balance of $1,250,000 shall be cancelled.” The Coal Buy and Sell Agreement attached as Exhibit 10.1 to the Form 8-K filed with the Securities and Exchange Commission on April 5, 2010 is hereby incorporated by reference; and
9. Pace and Teen Glow agree to amend paragraph 9.a of the Mineral Buy and Sell Agreement by adding the following sentence at the end of paragraph 9.a: “If Buyer makes timely all payments provided for in paragraph 2 above, and if Buyer becomes entitled to received the 40% equity interest in JBM as provided for in paragraph 10.a of the Coal Buy and Sell Agreement, Buyer’s Promissory Note to Pace for the remaining balance of $1,250,000 shall be cancelled.” The Mineral Buy and Sell Agreement attached as Exhibit 10.6 to the Form 8-K filed with the Securities and Exchange Commission on April 5, 2010 is hereby incorporated by reference.; and
10. JBM and Teen Glow agree to amend paragraph 10.a of the Coal Buy and Sell Agreement to provide that if JBM, at its option deems the Coal Agreement terminated, null, void and no further force and effect, at which time Teen Glow shall have no further rights or liabilities under the Coal Agreement or the Promissory Note issued by Teen Glow thereunder, and all payments made by Teen Glow shall be deemed forfeited and non-refundable. The Coal Buy and Sell Agreement attached as Exhibit 10.1 to the Form 8-K filed with the Securities and Exchange Commission on April 5, 2010 is hereby incorporated by reference; and
11. Pace and Teen Glow agree to amend paragraph 9.a of the Mineral Buy and Sell Agreement to provide that if Pace, at his option deems the Mineral Agreement terminated, null, void and no further force and effect, at which time Teen Glow shall have no further rights or liabilities under the Mineral Agreement or the Promissory Note issued by Teen Glow thereunder, and all payments made by Teen Glow shall be deemed forfeited and non-refundable. The Mineral Buy and Sell Agreement attached as Exhibit 10.6 to the Form 8-K filed with the Securities and Exchange Commission on April 5, 2010 is hereby incorporated by reference.
The Closing Statement is hereby attached as Exhibit 10.6.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an off Balance Sheet Arrangement of a Registrant
Refer to the Promissory Note section within Item 1.01 Entry into a Material Definitive Agreement.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits. Exhibit 10.1 Escrow Agreement Exhibit 10.2 Quit Claim Mineral & Coal Deed Exhibit 10.3 Mortgage and Security Agreement Exhibit 10.4 Promissory Note with Pace Exhibit 10.5 Promissory Note with JBM Exhibit 10.6 Closing Statement
Mr Isam2424, you wrote yesterday bad mouthing the Pace Project again about how Mr. Pace acquired the land in 1961-64. Here is what you wrote:
" Apparently Pace got the property from the Giffen Mine Company, which ceased operations in 1961, around 1964. Maybe he won it in a lawsuit? But more likely than not it was an abandoned mine as there are many in Montana, which is how I'm begining to suspect the boy wonders found it in the first place. And then Pace sold it to AMPW...well...sold it? Basically, Pace did gave away (as has been correctly reported by Variant."
I think it very very important to note, gas was 20 cents a gallon in 1964. Chinese people rode on bicycles and there was not as much need for coal at that time. More Importantly, I mean Most Importantly, the property was never tested to the extent that the Mobil Corporation did in 1979. So who cares how Pace got the mine in 1964? Mobil said in 1979 that it has possibly up to 410 million tonnes of high grade coal in the 29,000 acres. Don't you get it? And why do you have to say he won it in a lawsuit, I'm sure property records will prove you different. Why do you keep making up stories to discourage people from owning this stock??? I know why...and now we all know why...you have an agenda...and it's been exposed here today. I'll be writing you from the Caribbean in a few years while I'm sitting on the beach with a cold beer in my hand...don't miss the boat, the stock shows good support here at 60 cents...and maybe I'm the guy buying everytime it hits 59-60 cents???
P.S. Did you know that Weir Internatiuonal of Downers Grove, Illinois (“Weir”) is currently working on the State of Montana Permit as we speak for the Pace Coal Project? Do you know the reputation of Weir International??? And who they are in the oil, gas and coal community?
They are THE BEST in the Industry. They are top of the line, Bar None!!!
American Power (OTCBB: TGMP) Approves Exploration Drilling Program at Pace Coal Project October 30, 2010, DENVER, CO -(Coal Geology)- American Power Corp. (OTCBB: TGMP) (“American Power” or “the Company”) is pleased to provide an update on its operations at the Pace Coal Project located in Judith Basin County, Montana.
As announced on our press release dated August 30, 2010, American Power retained Weir International Inc. of Downers Grove, Illinois (“Weir”) to prepare an exploration drilling program and to supervise its execution in order to evaluate the coal reserve potential on our Pace Coal property. The board of directors of American Power subsequently approved the drilling program presented by Weir and the Company is currently working on the drilling permitting process with the objective to initiate drilling operations during the first quarter of 2011.
Another intelligent statement IS-AM-2424...yes, there is risk involved, but bigger risk, bigger reward. 10 to 1 odds, 20 to 1 odds, that happens at the track all day long. Have you ever seen how many times the longshot surprises the world and wins the Kentucky Derby? Plenty. If you don't like the risk, don't bet, no one is asking you to buy shares of AMPW, are they??? Is someone putting a gun to your head and forcing you to place your bet? No! So, in the meantime, stop making up libelous slander and mistruths about a subject you don't fully understand. My Dad always told me, "No Guts, No Air Medal." This country of our was founded upon people taking chances, and thats what seperates the men from the boys. Show me a person who has NEVER LOST, and I'll show you a person who has NEVER TRIED! These wonderboys as you call them are about to make it big; are you jealous???
This is an awful lot to digest but it might save you a couple of bucks.
NPL Site Narrative for Barker Hughesville Mining District
BARKER HUGHESVILLE MINING DISTRICT Barker, Montana
Federal Register Notice: September 13, 2001
Conditions at Proposal (December 1, 2000): The Barker Hughesville Mining District is located south of Great Falls, Montana and approximately 12 miles east of the Town of Monarch. Following the 1879 ore discovery in the Galena Creek drainage, hundreds of mining claims were established. Originally, high grade lead-silver ore was mined and hauled by wagon train to Fort Benton. In an effort to keep down shipping costs, several smelters were constructed in the mining district in 1881. Around 1883 mining tapered off due to the depletion of the rich, surficial ore bodies. Operations started again when the rail line was completed that connected the mining district to the Great Northern Line in Monarch, until the national demonetization of silver in 1893. Except for brief periods of mining activity in the 1920s, the 1940s and the 1970s, the Barker Hughesville Mining District ceased to function.
The waste pile sources included as part of this site are the Block P, the Danny T and the Tiger Mine, all located within one mile of each other. Releases from the waste piles have been observed in the adjacent surface water of Daisy Creek, Galena Creek, the Dry Fork of Belt Creek and Belt Creek. Belt Creek and Dry Fork of Belt Creek are both considered fisheries by Montana Fish, Wildlife and Parks, populated with brown trout, rainbow trout, brook trout, and cutthroat trout.
The Block P Mine area has operated periodically over the last 100 years under several different owners. The source consists of approximately 185,000 cubic yards of mostly uncovered and decayed waste rock located in and along Galena Creek. The Montana Department of State Lands/Abandoned Mine Reclamation Bureau (MDSL/AMRB) conducted a Preliminary Assessment (PA) of the Barker Hughesville mining district in 1990. Analytical results from soil samples from the Block P Mine indicated the presence of elevated levels of arsenic, cadmium, iron, lead, and zinc, as well as several other hazardous substances.
The Danny T mine is located midway between Barker and Hughesville. The waste rock pile is estimated at 10,200 cubic yards in volume, and the adit is estimated to discharge approximately eight gallons per minute. During the 1990 PA, aqueous samples from the adit contained elevated levels of arsenic, cadmium, copper, lead, and zinc. In 1994 the MDSL/AMRB sampled the uncovered waste rock and collected two aqueous samples from water that had flowed over the waste rock pile. The waste rock pile sample contained arsenic, copper, mercury, lead, and zinc. Aqueous sample results were similar to the 1990 analysis. Analytical results from soil samples submitted for total metals analysis indicated the presence of elevated levels of arsenic, copper, mercury, lead, and zinc, as well as several other hazardous substances.
The Tiger Mine claim was patented in 1892 and has operated periodically over the last 110 years under several different owners. The Tiger Mine consists of approximately 8,200 cubic yards of mostly uncovered and decayed waste rock. During 1993 MDSL/ARMB performed a Hazardous Materials Inventory on the Tiger Mine. Waste pile samples contained arsenic, cadmium, copper, iron, lead, manganese, mercury, nickel, and zinc. Analytical results for soil samples collected during the 1994 sampling effort by MDSL/AMRB indicated the presence of elevated levels of arsenic, cadmium, copper, mercury, lead, manganese, nickel, and zinc.
Analyses of sediment and surface water samples from Belt Creek and Dry Fork of Belt Creek, collected over a four-year period to evaluate the Barker Hughesville Mining District, indicate that concentrations of arsenic, cadmium, copper, lead, manganese, nickel, and zinc are significantly above background concentrations.
Again ISAM2424, you omitted a Material Fact that comes along with your propaganda, which should be illegal. Here's what you have omitted trying to scare people once again...
"The Barker Hughesville Mining District is Primarily in CASCADE COUNTY with a portion in Judith Basin County. Galena Creek flows through the district. The community of Monarch is located about 15 miles away in CASCADE COUNTY."
As you see, The Barker Hughesville Mining District is primarily in CASCADE COUNTY, with a portion in Judith Basin County, NOT Pace Coal Mine. Judith Basin County is 1870 square miles. There is no mention of contamination at the Pace Coal Mine which is 45 square miles (29,000 acres) of the total 1871 square miles in all of Judith Basin County!!! NONE WHATSOEVER! So why are you trying to scare people. Once again, that is a completely different county. Cascade County is 2,698 Square Miles. Do you know how big that is, and that is the county that you are referencing has a contamination problem area in a small portion of that county. A few days ago you were saying that the coal at Pace may be under 3 feet of SPENT Plutonium. Now you're trying a whole new angle. Because there is a problem in a neighboring county, you're trying to incinuate that there is a problem at PACE. If there is, please cite the news as I have Googled PACE for any problem and there is NONE! Do you know that you are opening yourself up to a Federal Lawsuit? Once you publish something libelous or slanderous on the Internet, it becomes a Federal Crime, as your actions cross state lines. It's like licking a postage stamp and sending it in the Mail. It's a Federal Crime. There is NO known contamination of any kind at the Pace Coal project. So, please stop slanting the news and confusing people. You may even want to retract your statements.
Look for Cascade County, where the contamination is...
Look for Judith Basin County directly to the east. Do you see how much area that encompasses??? Do you know that from Monarch to Judith County Basin is an hour and a half away by car???
You're really a ruthless person, trying to associate the happenings at an area in a neighboring county an hour and a half away, with that of the Pace Coal Project...it looks like you'll stop at nothing to drive this stock down...wow, how do you sleep at night or look in the mirror each morning.
Once again Everyone, there is no evidence of any EPA problem at The Pace Coal Project...if you have any doubts, just Google it and see for yourself.
Thanks for trying to save me a few bucks here ISAM2424, however, in a year or two I'll probably have $3,000,000 - $6,000,000. And if I need your help, I'll ask for it!!! The more you write, the more I know that AMPW is for real. You don't know anything.
Who asked you to try and save me a few bucks anyway? Mind your own business....shuffleboard I think...yes?
You keep saying Mr. Pace gave away the land at the Pace Coal Project for nothing. Let me help you more fully understand. He still owns the land, all 29,000 acres of it! All 45.31 square miles of it.
He only signed off on the mineral and coal rights with certain stipulations and conditions that AMPW has to live up to.
ISAM-2424. Is that your real name? I think this will be my last post with you, the reasons are obvious, but I want you to know that I would consider it a great favor if you would keep trashing the stock AMPW.ob, American Power, and make it go further down for me. The cheaper I can buy it the more happy I am. Gracias.
Can you make it get down to 10 to 20 cents on the Bid side for me? I'd like to get around 500,000 shares. Please help!
I'm sorry, but I feel compelled to leave you with some lasting wisdom for your lifetime. Another Jewish friend of mine, Palm Beach retired neurosurgeon turned early 80's Texas Real Estate Billionaire, once told me...
To make a deal work, you have to, and I quote, "You have to leave enough room in the deal for the other guy to make a profit", or else the deal won't work.
Have you ever thought that the landowner realizes the same thing? He owns the land and is leaving alot of room for these guys to have major incentive to make this work. He's leaving them alot of room to make a profit. Given that, their chances of success are even greater, aren't they?
And if they are successful, he wins as well, as he receives a royalty in percentages for the remainder of the life of the mine, as well as some millions of dollars in funds to both he and his energy company. How much is 10% of 10 billion dollars of coal? Last time I looked it was 1 billion dollars. And you say he gave it away??? I wish I was so stupid to give away some rights I have for a billion dollars and still own the 29,000 acres to boot. Boy, I feel really sorry for that guy, he really blew that deal!
LOL
Read between the lines. This stock is cheap, and I wish it were a dime, I'd like to have 1,000,000 shares of it. This is exactly how people get rich in America. And now it's my turn.
Odd...Arch Coal is buying International Coal Group for 3.4 billion and AMPW hasn't budged an inch. Now I wonder why that is. Oh yeah, they're waiting on Rio Tinto...or was it Peabody? Darn, I can just never remember who was supposed to be buying who. Guess I'll find out when it happens.
Hi Keith! Como esta mi amigo? You're right by golly...about Peabody. Thank you! Now I'll be able to sleep tonight. Oh, and you're right too about "Everything is Not as it Appears". I bet you're damn good at playing Trivial Pursuit!! And yes, Lsam2424 is my real name. I've had to live with it through my entire life, and it's been quite the ordeal but I think its made me a stronger, better person. I can tell you though in all honesty it's a bitch when you order things over the phone. When I tell them my name I always, ALWAYS, have to repeat it a second time. The pizza delivery guy always says, "L who? What the hell kind of name is that?" Then I go into a deep depression for a week. I really just wanted to be a Bob or Joe, even a Harold. Anything but what I wound up with. Is life a bitch or what?
Keith- Had a thought. Hear me out. Once AMPW gets up and running, moving all that good quality coal...think they'll be able to do it with just the BNSF? Let me know what you think. 24
...or do you think they might have to build on that incredible infrastructure "already in place". Like maybe add a spur here and maybe there @$100/foot after they've performed the proper environmental impact study that most would be willing to concede would need to be done at a great expense of both time and money? See, because CEO Al Valencia was quoted in the Billings Gazette on Friday, September 3, 2010 as saying they would likely have to do that-add a spur. Oh, and in the same article he was quoted as saying they'd probably need to sink an underground mine too. Now, I haven't seen any rail spurs on CraigsList (no underground mines either) but I'd be willing to bet they don't come cheap. So here's my question my Good Buddy-how do you "kick start" a coal mine when you have to create a mine to begin with? And with what capital do you use to do it? And as long as we're on these type subjects does the project intend to use union UMW workers or are they going to go Wisconsin on them? And with diesel prices now at or near record highs wouldn't that impact financial planning as to gross revenues and net revenues per ton of coal? And...projected profits?? And then lastly, if the previously sunk mine, the LeHigh mine, the one that had already produced 1.3 million tonnes of coal in the 1920's has to have some house cleaning before anything else is even contemplated, well, where is that money and labor coming from?
So here's a thought: You're a patient in a doctors office. There are 3 other patients ahead of you. The first patient goes in to see the doctor. He comes out. You say "Well how'd it go?" The guy says, "Well... ok... except instead of cutting off my right leg he cut off my left!" So then the second patient goes in, with a bit of noticeable fear in his face truth be told. But hes been told this doctor is top notch with quite the reputation. No worries!! He comes out. You ask, "Well how'd it go?" The guy says "Well... sort of ok... but...but... instead of amputating my left leg he cut off my right!" You're beginning to get a not very good feeling about things. But...you're a generous person with a kind heart and very willing to cut some folks some slack here and there. You don't want to appear fearful. Or biased. Your trust is what you have the most faith in. It's your creed. Now Patient number 3 goes in. He comes out. You ask, "Well, how'd it go?" Patient #3 says, "Well...well... OK. I mean I think it went ok... I guess... but he was supposed to amputate my right arm but cut both legs off instead!" And then the nurse receptionist announces that the doctor is now ready for you. Now is that a funny joke or what!
The fact of the matter is that one section of the Pace Coal Project lies due east by not very many miles, 10+/-, of an Environmental Protection Agency Superfund Toxic Waste Site, #8, Barker Hughesville, which is on the National Priorities List, NPL, as of January 2011.
If you drew a straight line from the town of Monarch, and ran it directly east, 090 degrees relative, to the town of Windham, it would run right through the Pace Coal Project.
The epicenter of the NPL EPA site #8 lies 12-15 miles due east from the town of Monarch. The Pace Coal Project lies approximately, approximately, 3 miles due west of the town of Windham, and approximately ,approximately 4-5 miles south of the town of Stanford. At those crosshairs that puts that section of Russell Pace's property (there are two pieces don't forget, the Giffen Mine Property being the second) approximately 10+/- miles directly due east of the Superfund NPL site , Barker Hughesville #8 in a perfectly unwavering straight line.
And that sounds like alot doesn't it? 10 miles? Enough room to deal with arsenic and cadmium and zinc and mercury, decrepit mineshafts, piles of mining waste . polluted aquifiers and rivers, so forth and so on, and still crank out some coal, right?
But not if the shape of the property is more rectangular or odd shaped than perfectly square. A more rectangular piece of property would add length by virtue of simple geometry. So, my thesis is that the Pace Coal project might be even closer to the EPA Superfund Site, Barker Hughesville, #8 than has been mentioned in any AMPW SEC filing that I've come across. In fact, I have found no mention of any Superfund Site being mentioned in any AMPW SEC filing whatsoever. Nor have I heard any of the corporate officers mention the possibility, nor have I heard any paid promoter mentioning the possibility that the Pace Coal Project lies near an EPA Superfund Site, nor has any paid contractor. For some it seems mums the word. What's up with that? Nobody knew?
To a totally uneducated person such as myself, if I were a banker, and a couple of fellows came to me looking for big financing, and then they mentioned, "oh by the way it's next to a toxic waste dump" being not the sharpest tool in the shed I would feel obligated to show them the door. I would be polite, because afterall I'm a banker. I would not utter a single curse word. But I wouldn't think twice about kicking them each in the ass on the way out either.
Does the property have worth? Well, that's for you to decide.
GOOD GOD MAN!!! This is the longest, strangest thread by the least number of people I have ever followed. Where does the truth lie? Is Lsam a shorter, or trying to drive down the price to pick it up on the cheap? Not likely, he is going to need a much bigger audience to do that. Is Kieth a part of the diabolical scheme to sucker investors into yet another pump and dump scam, employed by AMPW or the nefarious John Meyers? (maybe he really is John Meyers.) Doubt it. He has basically thrown up a bunch of verifiable facts to support his case, ( which I appreciate, since I do hold a small position in the stock) and his tone does not seem like pump and dump propaganda. My take.......AMPW is definitely a pump and dump stock, and it is also a real company with a valuable piece of property that could be a great growth story, or a good buyout candidate. Kieth, if you do take that trip to Montana, my email is greymatter3000@yahoo.com. I would love to see your pictures and hear about what you found. Pick your poison and place your bets..........Thats all folks.
Grey- You're a thinker, that's obvious, and I mention that fact in all sincerity. When I read your post I wanted to reach out in to the Ethernet, grab you by your ears, and give you the biggest hug a person could give from one to another. Keep on thinking. Keep on questioning. There's an awful lot to think about, and even more so to question. Once again, I own not a single share of AMPW. Not one. 2424
I am willing to bet big money that the Pace Coal Project is in extremely close proximity to the Superfund EPA site for the Barker Hughesville Proje t Region 8 with it's focal point 12-15 miles due east of Monarch, MT. That there is an abundance of coal in that region I do not deny. But I contend that that region of Judith Basin County, as well as abandoned mining sites in Lewis and Clark County, and Lincoln County, and Casper County are under intense EPA scrutiny because there are dozens and dozens of old mines that continue to contaminate and pollute their surroundings to this day. If anyone thinks I'm blowing smoke up their ass with all this talk of "shorting" I encourage you to go to the Montana Department of State Lands Abandoned Mines Reclamation Bureau. There is an identifiable reason why Judith Basin shows that 21 per cent of it's population lives below the poverty level. Currently, AMPW reports that they have 1.8 million dollars in financing. After the couple hundred grand spent for promotions, and the talk of having to add a spur, and then sink a mine with no bankable feasibility study AMPW doesn't have dick to "move the Pace Project Forward". Every one and their mothers uncle knows the coal exists! The entire state of Montana is one big coal mine! But the costs of extracting it would be astronomical due to case after case after case of environmental abuse. And if I sound like a tree hugger as I'm sure I do? You'd be dead wrong. I am all in favor of all viable means of energy including nuclear, even in the wake of Japan.What I am not in favor of is previously failed promotions, that have sucked in what could be millions of investor dollars, with a fourth repeat episode. You think any banker in his right mind would think twice about the Pace Coal Project with what the bank would have to invest and the meager two pence AMPW could contribute? Talk about a laughingstock? Oh My God. Entail
Here's a goodnight thought. Sorry, I can't resist. AMPW mentions Warren Buffet and the BNSF time and time and time again. AMPW reports ad nauseum that Buffet was the smartest cookie ever by buying up the railroad. And I'll be go to he'll if the purchase of the BNSF wasn't one fine move on Warrens part. Wanna know why? Because now he has eliminated all the competition. Warren has in effect become a 21st century robber baron. He has monopolized the only significant railroad in the Pace Project area. This is Economics 101- If AMPW actually ever mined more than a shovelful of coal it's Warren, and Warren alone that dictates the price a company will pay him to move their product. Because guess what ? His is the only game in town.
You're completely out of your mind...show me the EVIDENCE that there is some form of contamination at the Pace Coal project. Please cite the article or something, but give me evidence...not just your imaginations...please.... us...the EVIDENCE.
Keith- I'm going to give you a homework assignment. OK? Go online to WestMarine.com Seek out that area on West Marines site that sells navigational supplies. Put the following in your shopping cart: A set of dividers, they need not be expensive. A set of parallel rulers OR a pair of triangles Then find yourself a lead pencil, I prefer No.2's myself and get yourself a cheap pencil sharpener.
Last thought while Keith is attempting to complete his homework assignment. I think I would like to nominate 82 year old Korean War veteran Russell B. Pace, Jr. as Time Magazines Man of the Year. While most of us were just a sparkle in our parents eyes Russell may have been at the Frozen Chosen Reservoir. Or maybe at Pork Chop Hill. Or swooped down in his fighter jet at the Bridges at Toko-Ri. I happen to think Mr. Pace is a damn good lawyer. A very fine lawyer in fact. I think although his toes may have frozen in Korea those harsh conditions never affected his sense of smell. I see Mr. Pace as a man that respected the law and the 60 or so years he invested his time and energy and convictions in it.
Hello Keith! And how are you this evening? I hope you were able to purchase the dividers, parallel rulers, pencils and sharpener, and a road map of Montana. The sharpener is probably the most important tool of the lot. Every accountant keeps his pencil points honed to perfection.
Before we begin our homework assignment I would just like to comment on a remark you made a while back. I think without possibly realizing it that you hit the nail on the head with a hammer. You said, "...All propaganda should be illegal." I would now like to respond to your thoughts on propaganda. My thought is that I couldn't agree more. When all is said and done history has shown time and time again that indeed propaganda serves no long term purpose. But the truth- now that's a precious commodity.
All right then. Let's begin. I have to apologize right from the gitgo. I didn't specify that the triangles needed to be right triangles. So I guess it's the parallel rulers for us. Actually, truth be told a tape measure from Home Depot would work though accuracy would suffer a tad.
Tonights exercise Is a warmup. Nothing more. Learning to use the tools correctly. You contend that a trip from Monarch to Windham, MT (The Pace Project ) would take an hour and a half. By road. Actually it's only 47.8 miles and Mapquest suggests you could do it in an hour. Seems like a lot of distance between a known toxic waste dump and a small rural town. Toe the ruler, place it horizontal to the bottom of the map, and "walk" it up to the town of Monarch. Since the map is square the bottom edge serves as a 90 degree line running east to west or vice versa. When the ruler bisects Monarch take your pencil and draw a line from Monarch, through Hughesville, through Windham and take it all the way to, oh I don't know...say Lewistown just for good measure. We are done (for tonight) using the parallel rule. But you'll need them again tomorrow so don't put them in the recycle bin just yet. Now...every road map has a mileage scale. The increments vary depending on the scale of the chart. But if you bought a road map of Montana then it's probably based on a 30 mile scale, where one inch equals 14.7 miles. Take your dividers and put one point on the 0 mark on the scale. Use the thumb screw on the dividers and keep opening the dividers until you can comfortably place the varying point of the dividers on the 15 mile mark on the 30 mile scale. Maintain the distance you just measured on the scale. Find the town of Monarch, MT. Place the left point of the dividers on Monarch and gently place the second point on the line we drew from Monarch to Lewiston. The location the right hand point of the dividers will land to the right of Hughesville, site of EPA Region 8, the Barker Hughesville EPA Superfund Site. Take your pencil and mark that spot. Now... put the right point of the dividers on the town of Windham. Manually spread the divider until the second point touches that pencil point you just made to the right of Hughesville. Maintain the spacing you just completed with the dividers and go down to the mileage scale. Put the left point of the divider on the 0 mark, and put the right point on the scale itself. The distance should be about 14 miles. But the Pace Project lies about 3 miles to the west of Windham so really the distance as the crow flies between the Pace Coal Project and the Superfund site is reduced to 11 miles. But that section of the Pace Project consists of many thousands of acres. Depending on how the acreage is laid out, as in end to end and not perfectly square as one could be misled by the phrase "square miles" the distance ,as I have mentioned previously, could be quite lengthy. Lengthy enough in fact to be within a stones throw of the Superfund site.
Closing thought. Osama Bin Laden is dead. After an agonizing 10 year wait justice has been done. And the country is eternally grateful , eternally grateful to those that helped make it so. Many will never be whole again. Families of 9/11 victims. The troops. Their families. My hope is that he'll rot in hell forever. We did not deserve such a brutal act. We did not deserve it. Not then, not now, not ever. Terrorism involves premeditation. The end result is always, always, the destruction of a bright and secure future.
Assume the Pace Project parcel is about 15,000 acres. 15,000 acres equals 23.43 square miles. If the acreage were completely square each side would equal the square root of 23.43 miles which is 4.8 statute miles. In a perfect world. As you grow older you begin to realize the world is most everything but perfect:)
So Keith, put away the parallel rule, it's not necessary. I'll lay it out for you, ok? There are 6 sites in Judith Basin that are in the Montana DEQ Hazardous Materials Inventory list. They are: Marcelline Belt Patent Lucky Strike Wright Lode Edwards Harrison They all lie on a latitude of 47 degrees 04 minutes, and a longitude of 110 degrees 38 minutes. Essentially, they are right next to each other. Now- put your thinking cap on. Picture a right triangle. A right triangle has a 90 degree angle, a right angle. It has 3 legs. One of those legs is the longest, and is called the hypotenuse. Consider the 6 mines mentioned above. Now consider this, and it's extremely important for your financial future to really really take an active role in this discussion. The Pace Coal Project lies at one end of the hypotenuse, and the second Pace property, the Giffen Mine, lies at the other end of the hypotenuse. You with me? Contained within the triangle are the 6 Judith Basin mines mentioned above. Here's what a 1993-1994 study revealed of the 6 mines: Consider the word "exceeded". Now consider what was exceeded: Copper Mercury Lead Cadmium Arsenic Zinc Antimony I think the only element missing is oxygen.
When reviewing the Judith Basin survey results the Montana Department of State Lands routinely uses this phrase: "the following were elevated at least three times background". Three times doesn't sound so bad...does it? Well, to try and put things in perspective if your total cholesterol was 600 would you be nervous?
So Keith, our triangle runs from the Giffen Mine to just north of Dover, then south to the Pace Coal Project, and back to the Giffen Mine. Get out your calculator. If the area of a right triangle is equal to one half the base times the height, and the base is equal to 12 miles, and the height is equal to 45 miles then 12 x 45 equals 540 square miles, correct? And then half of 540 equals 270 square miles. Correct again? Sounds like alot of square miles, huh? Consider this however. The entire State of Montana is comprised of 147,046 square miles. As a percent 270/147,046 equals 0.00183616 which converted from a decimal to a percent is equal to 1/10 of 1 percent. If you were in a contest to see which you find first, the triangle with the Pace properties, or a needle in a haystack your odds would be even which you would find first.
You're some mathematician. Why are you comparing your triangle to the WHOLE STATE OF MONTANA? Why don't you just compare it to the counties in question? You might get a more sincere (less skewed) result. You're brilliant! Why would Peabody Energy Corp, ticker symbol BTU, a 17 billion dollar company, want to buy the rights from American Power (AMPW) for the Pace Coal Project if it were contaminated??? Tell me. Also, I've been asking but you continue to avoid my question; Where is the News Article that backs up your claim??? I'm still waiting! Keep pushing the stock down, I've got an extra $250,000.00 that I'm going to buy when it hits absolute bottom and then heads North again. I hope it goes to a dime, I could pick up 2,500,000 shares...sorry you lost money on the stock awhile back, what did you pay $2.00???
Keith Buddy- Why so alarmed? Like you said, wait for the bottom, back up the truck and you'll be sipping martinis in Maui in no time! Timing. I have learned it's all about timing. Wait and watch and then BLAM!! Pull the trigger!!
I have this feeling that one certain person will figuratively stick a gun to the back of the head of another certain person and at the same time say , " You WILL go out there and make a statement". What's the expression? Throwing a body under the bus?
Last thought for the evening Keith. When I mentioned previously that Peabody, BTU, had 5 floors of lawyers and 15 floors of geologists did you think I was kidding?
And while I have not a single tiny miniscule shred of respect for the bs that is AMPW I couldn't say enough good things about Peabody if I had all day to do it. And I have a very specific tangible reason for saying that. Maybe some day I'll tell you why but it's not going to be any time soon. Sorry.
And I'm thinking back on some phone conversations I've had in the last several months. Here are some snippets: "Well, it's just Al, Johannes, and myself." "Well, Al and Johannes keep irregular hours." "No comment...then check out the SEC filings." "...it's a shell company." "AMPW would be extremely speculative." Tombstones. There was talk of tombstones. I know that makes absolutely no sense to most of us but do think of a graveyard and then it will, although it's still difficult for the average nine to fiver to get a handle on. All I can say is it appears to be a legitimate term in the world of big business. There too at some point in the future I will elaborate...but not now.
A tombstone represents a done deal. It's an important concept when one company says they have concluded contracts and the other company is in effect saying " no that's not necessarily true
Another hero of mine? The author of the Variant View Research site SeekingAlpha. He was the forensic financial pathologist that saw AMPW coming. His research ( unlike nameless others) was impeccable. Right on in EVERY respect. And when he said, "My Opinion: The property is worthless" he was positively clairvoyant.
You are good at this game for sure and I imagine you enjoy the banter. You may want to bring your talents over to IHUB board. There is no saving Keith on this board it seems.
Like I said Isam2424, keep bad mouthing the stock and making up lies, you're doing me a huge favor...the stock keeps going down and I've kept my powder dry...I'm really hoping for a dime or less...will you keep helping me? I appreciate it.
Gratefully yours, Keith
P.S.~ Do you know that the Peabody offer was actually real?
"He Who Laughs Last, Laughs the Loudest"! We'll see in a year how smart you really are. Maybe Peterson hasn't made the big time in his past endeavors, however, he's never sat on the Coal, Oil, Gas and Mineral Rights like he has at the Pace Coal Project. 35 billion dollars in just coal potential, on only HALF the property! That doesn't include any Oil or Gas that may be found. There is also a report that says that there is another 10 billion in coal on the other half of the property. So, keep trashing the stock...I'm going to cash in big on this one, and I owe it all to you! Thanks again! Keith
And once again, the Peabody (ticker BTU) offer was real.
I would be willing to bet Keith's quarter million that reputable Gryphon Partners , run by former Iraq, Afghanistan, and United Nations US Ambassador Zalmay Kalilzad has pulled the plug on it's relationship with AMPW. It is my belief that Gryphon failed utterly and completely to perform it's own due diligence with regard to both the Pace Project and the Giffen property, and got completely bushwhacked by AMPW and firmly believe too that that is one reason we have heard nothing from AMPW in two months. AMPW knows without Gryphon they'll be at zero in no time, and Gryphon knows that they, Gryphon, could now be engaged in countless and legitimate shareholder lawsuits...along with what is certain to be official US and possibly Canadian government investigations. Gryphon knows they got caught with their pants down around its ankles in what could and probably will become a scandal of epic proportions If it ever goes to court. It's either Gryphon itself got blindsided and caught up in the pump...or they, Gryphon knew all along the wretchedness that they were contributing to by inking a deal with AMPW. They can't have it both ways.
I know, for absolute certain , that Gryphon Partners got nervous and completely freaked out with Petersen and AMPW after it became clear that Gryphon got caught with it's pants completely around it's ankles,
Bazooka You're invited to my house for a thick juicy steak dinner slow roasted over a hot coal fire! Be well my friend and thanks tremendously for your support!! 24
It is my belief also, unproven for sure but curious nonetheless that every high volume sell off ends the day in the last hour with several blocks of shares being bought. Look at the daily chart, that says it all. And I believe but can't prove that the buying of those large blocks have coincided routinely and regularly throughout the day to give the impression of buyer interest on the long side. In other words, what I believe them to be is a manipulated effort at price support. Unproven but not unbelieved.
Isam2424, you have finally showed all of us exactly how much of a LIAR you are. The Gryphon Partners associated with AMPW is the one from Australia/ Canada, www.gryphonpartners.ca/ NOT the once you referenced with United Nations US Ambassador Zalmay Kalilzad. The real AMPW Gryphon Partners is at website
What you are doing here is illigal and should be reported to the SEC. You are a complete retard! You can't even get your Gryphon Partners affiliations correct!
Pay attention people, this man is a complete LIAR. Go to the two websites and see for yourself!
DENVER, CO--(Marketwire - 02/01/11) - American Power Corp. (OTC.BB:AMPW - News) ("American Power" or "the Company"), an independent coal exploration company headquartered in Denver, Colorado, is pleased to announce that it has retained Gryphon Partners ("Gryphon") to act as financial and strategic advisor to undertake a review of various alternatives available to the Company to maximize the untapped value in its coal exploration and development assets.
In 2010, the global coal-mining sector witnessed merger and acquisition transactions worth more than $47 billion through over 968 transactions, the highest number of deals on record. The increased corporate activity in the sector and the strong coal market fundamentals made American Power's board of directors search for an advisor that could help the Company take advantage of this market environment. American Power believes Gryphon's extensive experience in strategic consulting and transaction advisory services to resource companies will help the Company in evaluating all opportunities available, with the objective of further enhancing shareholder value.
"Our Pace Coal Project in Judith Basin County, Montana is of great importance to American Power and its shareholders. With both long-term development potential and substantial exploration upside, the Pace Coal Project represents significant value. We therefore look forward to working with Gryphon to unlock this value for our shareholders," commented Al Valencia, CEO of American Power.
"Gryphon is a leading and globally recognized independent advisory firm with in-depth knowledge of the natural resource markets and possesses a wide network of contacts within major resource corporations on a global basis, particularly in North America, Europe and throughout Asia. Thus, we strongly believe that Gryphon is well-positioned to assist American Power in this mandate," added Mr. Valencia.
ABOUT GRYPHON PARTNERS Established in 2003, Gryphon Partners is an independent corporate advisor dedicated to the resources and energy sectors. Gryphon's team members have extensive experience working in the resources industry in either corporate development teams or as corporate advisors. Its principals have worked on some of the most complex mergers, takeovers, restructures and financings in the industry, providing advice to clients around the world in the traditional areas of mergers and acquisitions, corporate and project finance.
Gryphon's relevant transactions in the global mining sector include: Yanzhou Coal Mining's acquisition of Felix Resources ($2.8 billion); Macarthur Coal bid for Gloucester Coal ($560 million) and subsequent bid by Peabody Energy for Macarthur Coal ($3.7 billion); Noble Group's investment in Gloucester Coal ($350 million); Banpu PCL's investment in Centennial Coal Company ($250 million); Oxiana Ltd's merger with Zinifex Limited (A$12 billion); Newmont Australia Ltd's acquisition of a stake in Normandy NFM Limited (A$160 million), among others. For further information about Gryphon visit its website at gryphonpartners.ca.
I may just have to print a copy of all of your lies and forward them to the SEC myself...
And I encourage with no small amount of conviction any longs or potential long type individuals to not fail where others have and to Do Your Homework as if it were 8th grade geometry or 10th grade chemistry. AMPW is a complete and total rip off. Don't be fooled if you hear all about "1.8 million dollars". More on that later.
Come on Isam2424, please address why you stated that AMPW was involved with a different Gryphon Partners???? Come on, please address why you LIED and are purposely misleading the people???
Here is the real Gryphon Partners AMPW is involved with.
If your cannot address this question, or provide a truthful response to this question, you have no place in being on this website spreading PROPAGANDA! Go someplace else! Your credibility is Totally LOST making such statements about Gryphon Partners from Australia and Canada!!!!
Come on...I invite you to respond with regards to your libelous statements about Gryphon Partners!!! Please answer the question as to why you lied???
Look at the timing of the release? What are you talking about? They have had no news for a month and a half, and in the last news they stated that they were working on the access agreements. So, they finally released it. Why don't you blame the Montana DEQ, they gave the APPROVAL on May the 9th...
The Notice of Intent was approved by Montana DEQ. The timing was extraordinarily uncanny in view of recent posts. Just remember this for the moment- 410 million tons of coal, worth an estimated 40 billion dollars and they got it for the equivalent of nothing. Be careful. I know full well there's a pretty giddy feeling put there today but I remain absolutely convinced of my thoughts about what is ( or isn't) going on in Denver. Watch the Peter Sellers film The Mouse that Roared.
AMPW is frightened. Of that I have not the slightest doubt. I know for an absolute positive the money they have on hand. I know for an absolute positive how fearful Gryphon is of the minefield that they have stumbled in to. I know for an absolute positive that the Pace and Griffen properties are worthless from the standpoint of being able to develop a property for a profit. I think after his 4th ripoff Petersen has overstayed his welcome in our country. Court? Going to court? Fine by me. Bring it on you crooked bastards. You know and I know the last place you want to be is in an American court room. Twelve jurors seeking out the truth? You wouldn't last 20 minutes.
We're only two chapters in to the book and a thinking questioning person already knows how the story will end.
I have consulted with a team of graphics and website design experts and it took them less than a day to arrive at the exact same conclusion that the Variant Seeking Alpha author arrived at in his initial thesis on AMPW. Exactly. To a t. I expect to give fellow bloggers the full details once I get the full report by early next week. In the meantime once again I caution potential AMPW shareholders to look before you leap.
Why won't you address my question? You stated that AMPW is involved with gryphon-partners.com when in reality they are involved with gryphonpartners.ca.
Why won't you admit that you errored in your posted statement on this website??? Come on...I'm still waiting and this is my THIRD request...
Know what I think Keith? I think you're scared shitless, that's what I think. You run what you got up the flagpole and I'll run what I got up the flagpole any may the better person win. How's that?
And for once you are correct. I know precisely which Gryphon Partners I am referring to, and that Gryphon Partners is the exact same you are calling me on. But I would like to apologize to any and all that read these blogs that former ambassador Zalmay Kalilzad is NOT, I repeat, NOT connected in any way shape or form with American Power corporation. This blog is about truthfulness. Again, my most heartfelt and sincere apologies.
The company is: Gryphon Partners 20 Adelaide Street East Suite 1105 PO Bx 36 Toronto , ON M5C,2T6 Phone: 1-416-368-0046 I fully and firmly believe they are entirely reputable and have been forthright. In my mind it is not Gryphon that is the central issue of this debate.
And no, I'm not scared shitless! I think AMPW will probably go down again here, at least to 35 cents again, as stocks almost always retest their bottoms. Also, anything that DOUBLES in a week, (35 cents to 69 cents) usually goes back down a few days after the run up on news...time to watch and wait again, however, the stock made a nice move from the 35 cent level...
The only thing that got re-tested was AMPW able to momentarily re-invigorate the pump with a piece of "news" that was really a small boat on a very large ocean.
I think you're so deep in the hole on AMPW that you're tormented about the possibility of losing your home and your savings at the very least. More dramatically I picture you on a cliff about to free fall... in to financial oblivion.
You were the one constantly challenging what I put out. Every newly revealed part of this puzzle and you were up in arms. Libel. Slander. Yada yada yada.
You're in over your head financially. I can feel it from here.
You my friend are afraid of what is obviously coming down the road.
My home is Free and Clear...I have NO debt. And I'm out for now, so, no worries mate! At least I have you attacking me NOW...not AMPW! Keep it up! I know whats coming down the road, the stock will get cheaper, and at the right times, I will be in again...I've never seen someone so emotional about one stock. Why don't you tell us more about "Fool me Once, Shame on You, Fool me Twice, Shame on Me". Did you get suckered by one of Petersons other stocks? SILA.OB for example. Please indulge me and tell us why you're so emotional here...I really want to hear and learn from you...
Wow...imagine that...the stock is doing just what I said! It just hit 50 cents here Tuesday morning...Doesn't it just tick you off Isam that I'm all out in the mid 60's??? Now you don't have anyone to fight with! I'll be loading up though when it gets into the single digits!!! Unless it double bottoms at 35 cents...have a nice day!
Whoops! I mean 45 cents...must have been something you said Isam2424...Good thing I got rid of those 275,000 shares in the mid 60's...can you make it go down more for me??? Your assistance is greatly appreciated!
I'll be the first to admit when I make a mistake, so.....here goes. I really thought the stock AMPW would triple bottom at 59 to 60 cents, however, it really took a dive and according to technical analysis, that's not good for the stock. After hitting 35 cents, it had a good bounce on news. Knowing that stocks usually re-test their bottoms, I assume that AMPW will do a "W", and not a "V", and will re-test 35 cents, so I sold into the rally on the news in the mid 60's. As I said, I think the stock will re-test the 35 cent level. So, until then, I'm out, and we'll wait and see what happens around 0.35. You can make money on this stock, if you wait and are patient when making your buys and sells. What's the old addage, buy the Rumor and sell on the News??? Something like that..
But I guess you're telling me to stay away period when you tell me not to ride on any elevators...is that what you're trying to say with that statement...yes?
Keith- The more you open up the more I want to buy you a beer. Skip the elevator thing. I was really confused when I blogged it. That being said take into consideration tools and sheds.
You know, hard as it is for me to fathom but I actually think there's hope for how you and I think.
Keith- At some point we have to talk about what AMPW has in the bank and what a couple of thirty something's claim they will do with it. And I know exactly almost to the penny what they have. And I ultra encourage you to ask me how. Don't let me down.
Número UNO: 3 prior failures. All parabolic. Número Dos: 6 strong sells vs one strong buy along with previous well known miscues and prior relationships. Número Tres: don't know because that spaceship is on it's way back to Mars. And if número dos or número tres now own or did own shares that makes it extra special. Class action anyone?
Something that needs to be said- there are crimes of passion and there are crimes that involve premeditation. At the risk to my personal welfare I hereby submit to all that are willing to listen and to seek on your own terms that some "corporations" are nothing but an overt attempt at making certain people wealthycat our expense. That they have no other intention than to fleece us. They are 21st century pickpockets. AMPW. Cohen. Meyers? Bring it on.
Here's a kicker. I think someone keeps trying to call me to offer hush money. Unproven. Just a thought. But my phone records are open and available for any one and every one.
You stated; "At some point we have to talk about what AMPW has in the bank and what a couple of thirty something's claim they will do with it. And I know exactly almost to the penny what they have. And I ultra encourage you to ask me how. Don't let me down."
Ok then, I'm asking...
"How much money do they have in the bank" ???
"And what do they say they are going to do with it"?
OK, I asked, and hopefully I am not letting you down...
Allow me to read a paragraph off the first page of MT.gov DEQ website concerning the permitting process for coal and uranium mines in the State of Montana: "Prior to the issuance of a permit for a coal or uranium mining operation, the operator must file with the DEQ a bond payable to the state of Montana in a sum to be determined by the department of not less than $200 for each acre or fraction of an acre of the land affected, with a minimum bond of $10,000."
Let's do some quick math: 29,000 acres times $200 equals if I'm not mistaken: 5.8 million dollars.
I know right out of the horses mouth what AMPW has for cash on hand and it isn't even remotely close to 5.8 mil.
The Marshall Islands. Nice place. I've been there. Kwajalein Island. Great diving. Tropical breezes.
Coincidentally it's also one of the biggest money laundering centers in the world. Again, the Variant Seeking Alpha author nailed it. BSH- Black Sands Holding Company.
1.8 million Keith...maybe. I have it in writing. Before expenses. Paid promotions alone are in the hundreds of thousands of dollars. Gryphon's contract is $15,000/ month according to the SEC filing. The extensiveness of the permit process is going to be costly. One thing AMPW doesn't have much of is office expenses.
The Variant author shut the door on this one too. He's invited to the barbq at my house along with Bazooka. And others too I am beginning to find out.
Remember this phrase when the P and L statement comes out: "we do not currently have the funds necessary going forward. Or something to that effect. It's in the SEC filings.4Q? 8Q? 10Q? One of those q's.
It's easier to make scratch marks on a sheet of stainless steel with your fingertips than it is to peel through the layers of Marshall Islands financing. The MI is so well known for convoluted banking schemes the Finance Minister had to write a letter addressing the problem. Google it.
How can we find out if Peterson has been selling his stock? Or if any other Insider has been selling?? As an "Insider", wouldn't Johannes Peterson have to file with the SEC under the Rule 144 for Insider Trading???
AMPW had a six month interest expense in the first half of 2011 of $170,661.
"Interest expense of $170,661 for the six months ended March 31, 2011, as compared to nil for the 2010 period, is accretion related to debt discount recorded on the promissory notes. For the six months ended March 31, 2010, the promissory notes were not outstanding and, as such, no interest expense was recorded."
That's $340,000.00 in interest expense if it were annualized. Even if they were paying 10% interest, that would be a loan of 3.4 million. Where is the money that they borrowed that they are paying $340,000.00 a year in interest on? Can you help me more fully understand this??? Thanks!
If the Pace Coal Project is "well financed going forward" what do they hope to "finance" and where are they going with $700,000? and red ink everywhere? Borrowed money is reported as an asset on a balance sheet. Paying $340,000 in annual interest for $729,645 avaiable cash Implies an interest rate of 48 per cent. That's some expensive money. Let's look deeper: A mineral property that's close to an EPA Superfund sight and has not produced one pound of coal in 90 years, nor is it likely to in my opinion, is listed as an asset of 2.6 million. Office expenses-ready?- $129,643 for 6 months. Since inception AMPW reports $1,826,885 in losses. It's almost as if they're trying to lose money.
My thesis is that AMPW has no intent to go beyond the now famously exploited Notice of Intent.
No intent what-so-ever. Never.
If you read what's involved with the DEQ permitting process you'd be quick to agree. Arch Coal-Otter Creek-85 million spent so far- best guess maybe 2015.
American Power Corp (AMPW.OB): Smoke and Mirrors 331 comments
Thesis
Promotional actions/statements:
Conclusion
I believe this stock is worthless. Short selling may be difficult due to borrow issues and the skill of the promoters. Nevertheless, the longs should beware.
Disclaimer: The information and opinions presented in this article are provided for informational purposes only, and do not constitute investment advice. Securities investing involves a high degree of risk. Potential investors should seek the advice of a professional before engaging in any investing or trading activity. The author of this article and/or his affiliates have a position in the securities mentioned in this article at the time of publication. The author and/or his affiliates may change their position at any time without disclosure.
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This post has 331 comments:
All one has to do is "Google" Variant View Research and find nothing on this so-called research group. Who's scamming who?
People like Peterson should be banned from the financial market!
And nobody has attempted to sell this piece of highly valuable land before Valencia and Peterson appear on the scene "opportunistically".
And Peabody Energy, BTU, is told to take a hike.
From a guy whose previous company's name was Teen Glow Makeup?
Then too half the shares are owned by the same guy.
With a known reputation as a con man.
Does this seem a bit hard to fathom?
American Power Corporation
16 Market Square Center
1400 16th Street, Suite 400
Denver, CO 80202
ph-7209328389
fax-7209328189
CEO-Mr. Alvario Valencia, Age 36
CFO-Mr. Johanness Petersen, Age 37
Cal them if you like but they will not return your phone calls.
And as previously mentioned they have dual passports, and dual citizenship. That means once they leave the country they are gone.
It is my belief, perhaps only my belief, that they are expert in perpetuating fraud on a significant scale. I believe the SEC will fail to intervene, and that the horse will be long gone before the barn door is ever checked for a lock. I believe that if either were to get hit by a car? the greatest loss would be the damage to the cars bumper.
BACKGROUND*
Mr. Johannes T. Petersen has been Chief Executive Officer of Paloma Resources Inc. since June 2006 and serves as its President. Mr. Petersen has been the Chief Executive Officer, President, Chief Financial Officer, Secretary and Treasurer of Silver America Inc. (also known as The Golf Alliance Corporation) since February 12, 2010. He serves as Chief Financial Officer and Secretary of American Power Corporation. He has been the Chief Executive Officer and President of Century Petroleum Corp. (also known as Som Resources Inc.) since July 6, 2009 and has been its Secretary & Treasurer since May 15, 2006. He is a Founder of Reflection Oil & Gas Partners Ltd., Tiger Oil & Gas Corporation Ltd., Century Petroleum Corp. and Hainan Mining Corporation Ltd. He serves as Principal Accounting Officer and Chief Financial Officer of Century Petroleum Corp. and served as its Principal Financial Officer. Mr. Petersen served as Chief Executive Officer and President of American Power Corp. from November 20, 2009 to August 2010. He also served as the Chief Financial Officer of American Sierra Gold Corp. from September 29, 2009 to September 10, 2010. Mr. Petersen served as the President of Century Petroleum Corp. from May 15, 2006 to October 1, 2006 and served as its Principal Executive Officer, until October 1, 2006. He served as the Chief Financial Officer, Chief Executive Officer, Secretary, Treasurer and President of Dragon Gold Resources, Inc., from July 15, 2004 to May 31, 2007. Mr. Petersen covered a variety of positions, ranging from fixed income and currency trading, to managerial roles. He has also worked in business development and business planning for private and public companies, with an emphasis in the resources industry. He worked in Lima, Peru for the following companies: Peru Scan Trading, Credibolsa SAB, Banco de Credito del Peru and CONASEV (Peruvian equivalent of the SEC). From April 1999 to July 2001, Mr. Petersen served as Managing Director of a commodity export brokerage firm in Peru. In August 2003, he performed independent consulting and business planning for natural resources industry companies and other organizations. He has been Chairman of American Power Corp. since November 20, 2009. Mr. Petersen has been a Director of Teen Glow Makeup, Inc. since November 20, 2009. and Silver America Inc. since February 12, 2010. He has been a Director of Paloma Resources Inc. since June 2006 and Century Petroleum Corp. since May 15, 2006. He serves as Director of Tiger Oil & Gas Corporation Ltd., Reflection Oil & Gas Partners Ltd (UK), and Hainan Mining Corporation Ltd. He served as an Independent Director of American Sierra Gold Corp. from September 29, 2009 to September 10, 2010. He served as Director of Dragon Gold Resources Inc. from July 15, 2004 to May 31, 2007. From 2001 to 2003, he attended business school in London. Mr. Petersen holds an MBA from the London Business School (England) with a concentration in Finance, and a BSc in Economics from Universidad del Pacifico (Peru).
Collapse Detail
CORPORATE HEADQUARTERS*
200 South Virginia
Reno, Nevada 89501
United States
Phone: 775-398-3044
Fax: 775-201-9751
BOARD MEMBERS MEMBERSHIPS*
2004-2007
Former Chief Executive Officer, President, Chief Financial Officer, Secretary, Treasurer and Director
Dragon Gold Resources Inc.
2006-Present
Chief Executive Officer, President and Director
Paloma Resources Inc.
2006-Present
Chief Executive Officer, President, Chief Financial Officer, Principal Accounting Officer, Secretary, Treasurer and Director
Century Petroleum Corp.
2009-2010
Former Chief Financial Officer and Independent Director
American Sierra Gold Corp.
2009-Present
Chairman, Chief Financial Officer and Secretary
American Power Corporation
2010-Present
Chief Executive Officer, President, Chief Financial Officer, Secretary, Treasurer and Director
Gold American Mining Corp.
EDUCATION*
MBA
London Business School
BS
Universidad del Pac�fico , Peru
OTHER AFFILIATIONS*
Paloma Resources Inc.
London Business School
Dragon Gold Resources Inc.
Universidad del Pac�fico , Peru
Gold American Mining Corp.
American Sierra Gold Corp.
American Power Corporation
ANNUAL COMPENSATION*
There is no Annual Compensation data a
Alvaro Valencia
Chief Executive Officer, President and Director, American Power Corporation
11
Age Total Annual Compensation This person is connected to 1 board members in 1 different organizations across 1 different industries.
See Board Relationships
36 $8,333 USD
As of Fiscal Year 2010
BACKGROUND*
Mr. Alvaro Valencia, Al has been Chief Executive Officer and President of American Power Corp. since August 1, 2010. Mr. Valencia has held various positions in New York, Washington, DC, and in Latin America. He has been involved at both the corporate and government level in mining related projects, including working for the Peruvian government and in association with various investment banks such as Credit Suisse on the privatization of mining units (copper, zinc, and lead) in Peru valued in the hundreds of millions of dollars. Mr. Valencia's mining experience is matched by his experience in investment banking and corporate finance. He serves as Director of American Power Corporation. Mr. Valencia holds a BSc in Economics from Universidad del Pacifico (Peru) and an MA degree in Economics from Syracuse University in New York.
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Fact Sheets
Fugitive Operations
The U.S. Marshals Service is the federal government’s primary agency for fugitive investigations.
The agency holds all federal arrest warrants until execution or dismissal.
In fiscal year 2010, the Marshals apprehended more than 36,100 federal fugitives, clearing approximately 39,100 felony warrants.
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The U.S. Marshals currently lead 75 district fugitive task forces and seven regional fugitive task forces dedicated to investigating violent crime and locating and apprehending wanted criminals.
Marshals-led district task forces arrested 81,900 state and local fugitives in FY 2010, clearing approximately 108,200 state and local felony warrants.
The seven regional fugitive task forces are located in New York/New Jersey, Capital area, Southeast, Florida/Caribbean, Gulf Coast, Great Lakes and Pacific Southwest.
Marshals’ regional fugitive task forces closed more than 52,000 felony warrants by arrest, including 1,953 homicide warrants, in FY 2010.
The agency also leads ad-hoc task forces in special cases — such as when an inmate escapes from prison.
The U.S. Marshals Service works with the international law enforcement community to apprehend fugitives abroad as well as to seek foreign fugitives living or residing in the United States. In FY 2010, the Marshals coordinated 805 extraditions and deportations from 67 countries.
The Marshals provide assistance, expertise and training on fugitive matters to federal, state, local and international agencies.
The agency has four foreign field offices in Jamaica, Mexico, the Dominican Republic and Colombia. The U.S. Marshals work closely with law enforcement agencies along the borders of Mexico and Canada and with the Department of State’s Diplomatic Security Service. The agency also holds key positions at Interpol.
The Marshals use both traditional methods and sophisticated technologies for fugitive investigations, including tactical equipment, electronic surveillance and aerial surveillance. Tactical equipment includes covert audio and video alarms and sensors; digital, narrowband, encrypted wireless communications; and radio and satellite communications equipment, such as tactical repeaters, base stations and portable tower trailers.
“15 Most Wanted” Fugitive Program
The U.S. Marshals’ “15 Most Wanted” fugitive program draws attention to some of the country’s most dangerous and high-profile fugitives. These felons tend to be career criminals with histories of violence, and they pose a significant threat to public safety.
15 Most Wanted fugitives can include murderers, sex offenders, major drug kingpins, organized crime figures and individuals wanted for high-profile financial crimes. They are generally considered the “worst of the worst.”
15 Most Wanted fugitives can be Marshals’ cases, task force cases from other federal agencies, state/ local cases adopted by task forces or cases from the National Center for Missing and Exploited Children.
Since the program began in 1983, 211 15 Most Wanted fugitives have been arrested. In FY 2010, the U.S. Marshals apprehended seven of them.
Sex Offender Operations
Under the Adam Walsh Child Protection and Safety Act of 2006, the U.S. Marshals Service:
Assists state, local, tribal and territorial authorities in the location and apprehension of non-compliant sex offenders
Investigates violations of the criminal provisions of the Adam Walsh Act
Identifies and locates sex offenders displaced as a result of a major disaster
In FY 2010, the Marshals:
Apprehended 11,072 sex offenders
Initiated 3,025 investigations, issued 426 warrants for registration violations and arrested 360 people for other violations of the Adam Walsh Act
The Marshals’ National Sex Offender Targeting Center is an interagency intelligence and operations center that supports the identification, investigation, location, apprehension and prosecution of non-compliant, unregistered fugitive sex offenders.
The center collaborates with the National Center for Missing and Exploited Children and the Department of Justice’s Sex Offender Sentencing, Monitoring, Apprehending, Registering and Tracking (SMART) Office to support all levels of law enforcement in pursuing unregistered and non-compliant sex offenders.
Analysts conduct behavioral assessments and psychological insights into the minds of suspects and offenders to assist Marshals investigators in identifying and apprehending non-compliant sex offenders. The center also assists outside law enforcement with cold case reviews, including solved or unsolved homicides in which the murder appears to be sexually motivated.
Since January 2009, the Marshals have conducted 317 sex offender-specific operations, involving 7,700 state and local law enforcement personnel from 1,442 state and local agencies. In FY 2010, the Marshals conducted 173 such operations.
Gang Operations
The U.S. Marshals Service targets violent fugitives with gang affiliations in support of the Department of Justice’s priority of fighting gang violence.
The existing Marshals network of 82 task forces is used for gang operations.
The Marshals arrested more than 4,800 gang members in FY 2010.
Task forces agency-wide participated in Operation Gang Surge, which identified areas of high gang violence in 2010. The operation produced a 288% increase in gang arrests over the previous quarter.
Operation Triple Beam took place in Tulsa, Okla., in August 2010 and involved more than 40 federal, state and local law enforcement officers. During this highly successful operation, 163 gang members were arrested and 46 firearms were seized.
The Marshals Service is a key member of GangTECC, the National Gang Targeting, Enforcement & Coordination Center, an anti-gang task force created by the Attorney General.
Financial Surveillance
Financial surveillance is an investigative tool that identifies funds and assets used by fugitives to conduct criminal activity and avoid apprehension.
Financial surveillance investigators are able to find and track a fugitive’s financial transactions as well as identify aliases and new identities.
In FY 2010, Marshals financial surveillance investigators closed 1,101 warrants.
Organized Crime Drug Enforcement Task Force
The Marshals Service is one of seven federal agencies that are members of the Organized Crime Drug Enforcement Task Force, the main element of the Attorney General’s drug-supply reduction strategy.
The task force targets major drug-trafficking and money-laundering organizations, works to eliminate the financial infrastructure of drug organizations and conducts nationwide investigations against all the related parts of the targeted organizations.
When U.S. Marshals provide assistance pre-takedown, 95% of targets are arrested, compared to 65% when the Marshals are not involved.
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U.S. Marshals Service Pub. No. 21-C
revised Feb. 25, 2011
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If the SEC notices the postings and mailers, AMPW probably will be suspended and you lose everything
WASHINGTON – A securities attorney pleaded guilty today to defrauding investors in stock manipulation schemes involving 19 different publicly traded companies, Acting Assistant Attorney General Rita M. Glavin of the Criminal Division and Acting U.S. Attorney Dana J. Boente for the Eastern District of Virginia announced today.
David B. Stocker, 49, of Phoenix pleaded guilty in U.S. District Court in Alexandria, Va., for his participation in a stock manipulation conspiracy known as a "pump-and-dump" scheme. Stocker is scheduled to be sentenced on Nov. 6, 2009, by U.S. District Judge Liam O’Grady. The maximum penalties for the conspiracy charge are five years in prison and a $250,000 fine.
Stocker pleaded guilty to a criminal information charging him with one count of conspiracy to commit securities fraud involving 19 publicly traded companies including: eDollars Inc; Emerging Holdings Inc.; MassClick Inc.; China Score Inc.; American Television and Film Company Inc.; Auction Mills Inc.; Custom-Designed Compressor Systems Inc.; Ecogate Inc.; Media International Concepts Inc.; Vanquish Productions Inc.; AVL Global Inc.; Motion DNA Corp.; PokerBook Gaming Corp.; TKO Holding Ltd; Body Scan Inc.; Integrity Messenger Corp.; Beverly Hills Film Studios; IFINIX Inc.; and V3 Global Inc.
In related actions, the U.S. Securities and Exchange Commission (SEC) has enforcement actions against Stocker pending in federal district courts in Arizona, Michigan and Texas.
According to the plea agreement and criminal information, the stock manipulation scheme employed by Stocker and his co-conspirators followed a common pattern. Stocker admitted that he acted as securities counsel for companies, and he and others fraudulently caused the companies to issue millions of "free-trading" shares to co-conspirators in transactions that had not been registered with the SEC. As Stocker acknowledged in his plea, after the unregistered and free-trading shares had been issued, co-conspirators began to manipulate, or "pump," the trading value of the companies’ stock through a number of deceptive and manipulative means to entice members of the investing public to invest in the stock. For example, according to court documents, members of the conspiracy engaged in coordinated trades to manipulate the price of the stock.
Stocker also admitted that co-conspirators falsely manipulated the price and volume of some of the companies’ stock by making materially false and misleading statements in press releases and in spam emails distributed by co-conspirator Justin Medlin and other spammers to tens of millions of email addresses throughout the United States in an effort to create artificial demand for the companies’ stock. After fraudulently "pumping" the market price and demand for the companies’ stock, co-conspirators "dumped" millions of shares by selling them for large profits to the general investing public in the over-the-counter market through listings on Pink Sheets, an inter-dealer electronic quotation and trading system. These shares were purchased by unsuspecting investors, including investors in the Eastern District of Virginia, and were often rendered virtually worthless.
Eight other defendants have pleaded guilty and have been sentenced in federal court in Alexandria, Va., for their roles in related stock manipulation schemes. Michael R. Saquella was sentenced to 10 years in prison; Justin Medlin was sentenced to six years in prison; Steven P. Luscko and Gregory A. Neu were each sentenced to five years in prison; Lawrence Kaplan was sentenced to three years in prison; Brian G. Brunette was sentenced to a one year in prison; Anthony Tarantola was sentenced to six months in prison; and Henry "Hank" Zemla was sentenced to three months in prison.
The case, which was referred by the Financial Industry Regulatory Authority (FINRA), was investigated by the FBI and the U.S. Postal Inspection Service, with assistance from the Virginia Securities Division. The case is being prosecuted by Assistant U.S. Attorneys Patrick Stokes and Ed Power of Eastern District of Virginia and Deputy Chief Steve Linick of the Criminal Division’s Fraud Section. The Department of Justice acknowledges the substantial assistance of FINRA and the SEC in its investigation. It would also like to thank the Virginia State Corporation Commission, Division of Securities and Retail Franchising, for its assistance.
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With the volitility building on AMPW.OB, Our analysts team have completed in depth research on AMPW.OB and spotted various important indicators, which could help AMPW.OB Traders and Shareholders. To receive the FREE report on AMPW.OB, SIGN UP to the HoleinOneStocks.net newsletter by entering your email above. You will receive email alerts 1-2 times a month and a FREE AMPW.OB Report.
Does he have his own newsletter too?
Charles Manson, the notorious cult leader, has broken his 20-year silence, and is speaking out about global warming.
Manson, now 76 years old, was accused of brainwashing members of his commune known as “The Manson Family." He was jailed 40 years ago for orchestrating the murders of eight people -- carried out at his instruction -- including Roman Polanski’s pregnant wife, Sharon Tate.
The Telegraph reports that during a recent interview with Spain’s Vanity Fair magazine, Manson warned of a danger that he thinks is greater than himself -- global warming.
Manson said, "Everyone's God and if we don't wake up to that there's going to be no weather because our polar caps are melting because we're doing bad things to the atmosphere… The automobiles and fossil fuels are destroying the atmosphere and we won't have air to breathe.”
Before trailing off, Manson added, 'If we don’t change that as rapidly as I’m speaking to you now, if we don’t put the green back on the planet and put the trees back that we’ve butchered, if we don’t go to war against the problem...'
According to The Daily Mail, Manson is also a founder of ATWA (Air Trees Water Animals or All The Way Alive). The mission statement warns of the planet’s destruction from pollution.
Charles Manson is likely not the advocate that environmentalists would like on their team to fight climate change. Will Manson's comments bring further controversy and political ammunition to an already hotly debated issue, or are they to be disregarded as the ramblings of a madman?
Not a clue about XIN. But thanks for asking anyway! Due diligence baby! and keep an open mind towards suspecting the worst. Just maybe, maybe that way any pops north and you'll be pleasantly surprised...for once. And don't bet the farm...only a couple of acres...preferanly the ones without the high grade bituminous coal under them:)
I bought these assholes, AMPW, on a weak moment. It blended in with my belief that energy, unlike BIG banks, will always be around. Try heating your house with cow flops, or driving your car on french fry oil:)
Regarding newsletters? Judging from the AMPW swindle there appear to be at least 2 two many out there already (Meyers/Cohen).
I don't post anywhere else because I feel God spoke to me one night and said, "Lsam, I have a couple of crooked guys at AMPW and I'd like to see them roast in hell. Help me out?"
You know, lets end on a good note-I hope you have a good day!
If the PACE Project is going full ahead why is someone shorting the shares in rapidly increasing amounts inversely to the stock price performance??? Well, that's what a short sale is I guess.
This is the epitome of insider trading.
SEC. Hello!! Anyone home?
Short Sales
Date
Short Interest
% Change
Avg. Daily Share Volume
Days to Cover
Split
New Issue
Mar 31, 2011 1,251,433 47.17 1,552,593 1.00 No No
Mar 15, 2011 850,351 57.51 2,370,065 1.00 No No
Feb 28, 2011 539,865 30.86 1,187,401 1.00 No No
Feb 15, 2011 412,548 14.89 1,823,685 1.00 No No
Jan 31, 2011 359,068 210.71 3,098,647 1.00 No No
Jan 14, 2011 115,565 143.17 549,571 1.00 No No
Dec 31, 2010 47,525 136.82 679,148 1.00 No No
Dec 15, 2010 20,068 627.10 257,533 1.00 No No
Nov 30, 2010 2,760 -68.09 7,265 1.00 No No
Oct 29, 2010 5,700 -31.89 22,612 1.00 No No
Results Per Page
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What constitutes a "discussion".
AMPW maintains it had "discussions" with Peabody, BTU. The company maintains it, AMPW, terminated those discussions. One is led to believe the discussions mentioned were not favorable to the future of the company.
If you or I called Peabody right now, and talked to a mail room clerk, would that not be a "discussion" with Peabody??
Arkansas Man Sentenced To 10 Years In Investment Scam
02/07/2006
DENVER - Former Littleton resident, John Mark Godard, was sentenced on Monday in Denver District Court for defrauding 16 Colorado investors of $1.3 million, announced Colorado Attorney General John W. Suthers, and Colorado Securities Commissioner Fred J. Joseph.
Following the testimony of seven of the investors, Denver District Court Judge William Robbins sentenced Godard to 10 years in prison, citing the extraordinary amount of money taken by Godard. The Judge also ordered Godard, age 40, to pay back the $1.3 million that he admitted to taking as part of his investment scam.
Godard was initially arrested on April 9, 2005 in Fayetteville, Arkansas on a warrant issued by the Denver District Court following the return of an indictment obtained by the Colorado Attorney General’s office on April 8, 2005. Godard, following an investigation by the Colorado Securities Division, was indicted on seventeen counts of fraud in connection with the sale of securities in Colorado.
Godard induced Colorado investors to purchase stock in his non-existent companies by promising high yields on short term investments financing radio equipment. Godard then diverted significant portions of the funds for his own personal use.
Attorney General Suthers said, “This case should serve as a reminder to all Coloradans to research every investment opportunity before handing over their hard-earned money.”
Commissioner Joseph said, “A ten year sentence should send a strong message to any wannabe con artist that there is a substantial price to pay for destroying peoples’ lives by defrauding them of their life savings.”
The basics: Click that link above and check it out for yourself but what you get is the utter scumbag John Myers pumping American Power (AMPW.ob) and talking about 5000% gains and all sorts of ridiculous junk about how Rio Tinto is going to take them over and this and that and red letters and E!X!C!L!A!M!A!T!I!O!N!S! all over the shop and and and etc etc etc. Amongst the tosh and balderdash you also get the link to the American Power website that (almost goes without saying these days) greets you with an image of the Stars'n'Bars. So all the redflag boxes already being ticked off nicely. But then with about a minute's extra looking you get to see that:
1) The man behind AMPW.ob is none other than Johannes Petersen. The same name behind Gold American Mining (SILA.ob).
2) It may be a bizarre coincidence, but AMPW.ob boasts of the same kind of financing deal-that-is-not-a-deal with the same European back as SILA.ob.
3) And it may be another bizarre coincidence, but the last time we looked at the scumbag John Myers he was pumping a stock called Gold American Mining (SILA.ob).
So let's see how SILA.ob has got on since we ran our post entitled "Gold American Mining Is A Scam" on August 18th:
Hmmmm......not living up to the hype, is it? but back to AMPW.ob and if you check the SEC filings on this dog you'll see even more horridness, for example the latest annual report out Jan 13th 2011. There you'll note negative working cap around half the stock held by Petersen, the reality of its assets (nowhere near as pleasant for longs as Myers' views) all the usual checkboxes of these scams.
At its current $1.15 share price, this box of nothing has a market cap over $104m. A more obvious short is hard to find. DYODD.
400 million tonnes of high grade Sensimillian B type high grade BTU coal nobody ever knew existed before Teen Glow Makeup discovered it. And it was such a great find that Teen Glow told Peabody, BTU, America's premier coal company just behind RIO, to shove it. Because Teen Glow knew more than the 15 floors of geologists that Peabody, BTU, regularly employs to filter out dust in the wind like AMPW.
I have a bridge...interested?
Can anyone find a picture to post of Petersen or Valencia?
For $300 any company can join the Montana Mining Association. Fraternities have higher entry requirements.
But consider this- although Teen Glow never fails to mention Warren Buffet and the Burlington Northern Sante Fe (BNSF) railroad, we haven't heard much from Warren Buffet with regard to Teen Glow. Now I wonder why that is.
Buyer Beware. There is a public interest concern associated with the company, which may include a spam campaign, questionable stock promotion, known investigation of fraudulent activity committed by the company or insiders, regulatory suspensions, or disruptive corporate actions. During the time it is labeled Caveat Emptor, any stock that is not in the Current Information category will also have its quotes blocked on otcmarkets.com.
Don't be fooled by a company filing with the SEC. In this respect the SEC actually contributes to a pump and dump like AMPW. The company routinely files with the SEC and hopes that people won't actually read the filings. The company is in compliance with the SEC, and the SEC will probably back up that assertion otherwise the SEC is caught with its dick in its hand, right? That's a symbiotic relationship of sorts.
SILA, the previous Petersen scandal has mountains of SEC filings. When you see all those filings you get the sense the company is really playing by the rules. But...then look at the financials.
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Pump and Dump Schemes
"Pump and dump" schemes, also known as "hype and dump manipulation," involve the touting of a company's stock (typically microcap companies) through false and misleading statements to the marketplace. After pumping the stock, fraudsters make huge profits by selling their cheap stock into the market.
Pump and dump schemes often occur on the Internet where it is common to see messages posted that urge readers to buy a stock quickly or to sell before the price goes down, or a telemarketer will call using the same sort of pitch. Often the promoters will claim to have "inside" information about an impending development or to use an "infallible" combination of economic and stock market data to pick stocks. In reality, they may be company insiders or paid promoters who stand to gain by selling their shares after the stock price is "pumped" up by the buying frenzy they create. Once these fraudsters "dump" their shares and stop hyping the stock, the price typically falls, and investors lose their money.
For more information about microcap fraud, please read our publication, Microcap Stock: A Guide for Investors.
Century Petroleum, CYPE
12/27/2006- $3.25
04/19/2011- $0.02
Gold American Mining Co., SILA
05/10/2010- $1.28
04/21/2011- $0.11
American Sierra Gold Corp., AMNP
10/19/2009- $1.39
04/20/2011- $0.04
The chart patterns are identical mirror images of each other. They start with next to nothing, have a steep rise, and then steadily and none too slowly trail off to nothing.
How can a petroleum drilling venture turn to dust when the NYMEX price of crude is currently $110/BBL, with a strong possibility of further price increases?
01-27-2011- $2.14----the high by the way
04/21/2011- $0.64
On January 24 6.04 million shares of AMPW traded.
On 04/20/2011 125,000 shares traded.
Draw your own conclusion.
I'm no chart expert but the AMPW chart does show similar trendlines of the other three Petersen prospects, but because the initial price per share opened at a higher price, something like .95/share, it flatlines for a while...AND THEN rises significantly the last week or so in January of 2011. Would that susbstantial price hike coincide with the Meyers and Cohen newsletters? The strong buy/$4.40 rating and target? The pump?
Average home price= $120,000
Population= 2,000
Median 2009 income= $ 37,473
Population below poverty level= 21%
You think a small county where everyone knows each other, a fifth live below the poverty level, and has increasing home sales year after year might have an inkling of what their lives could be like if they were sitting on 400 million tons of coal valued at $40 billion dollars? Especially when mining is so huge in their state?
Why the trend towards leaving instead of staying? Think people enjoy living in poverty? Think if there was a chance to help them some of the majors, RIO, ARCH, Peabody would have done so in the name of good corporate relations? Being as those companies are just next door anyway? Help to develop the property, create jobs, help to build schools and hospitals and earn a profit too? Think this piece of property somehow fell beneath the radar just waiting to be discovered by someone like Teen Glow Makeup?
Coal is up against a big public relations battle day in and day out. Look at Massey's 29 miners killed. Emissions. Global warming. Why miss an opportunity to improve a desperate county's situation when it would be easy and relatively cheap for a Fortune 500 company to do so?
Think about that.
ST. LOUIS (MineFund.com) -- The latest paid mailer to find its way to MineFund was the The Myers’ Letter. John Myers bills himself as an investment expert and mining guru. That is just as well because you’d never know it or think it from reading his shill pieces for Gold American Mining, which trades over-the-counter as SILA.
The latest pitch is one of several that Myers has been pumping out on behalf of Beltran Investments. Beltran has been spending freely to pump up Gold American’s stock price and trading volumes. It’s not altogether clear, but it would appear that nearly a million dollars has been committed to the campaign with a nice chunk flowing to Myers.
That may seem like a large investment for a penny stock, but the rewards have been excellent for insiders based on the volume of shares being flipped. That’s especially the case as the effort winds down and insiders look to exit.
Myers has delivered several iterations of his price targets for Gold American, ranging as high as $104 per share. The latest write-up has the target lower and pegged to the nearest one-hundredth of a dollar. Oh yes, our John strives for accuracy - $96.21 a share is the least that Gold American will agree to sell out to Goldcorp for.
One wonders what caused the asking price to drop when gold and silver prices have been rising. They wouldn’t be pricing mineral resources at spot prices would they? Surely they wouldn’t dare to contravene SEC Industry Guide 7? It’s not the only flaunting, but the SEC seems to be indifferent to these blatant abuses by promoters.
Having touted Gold American as a Goldcorp must-have in July, Myers is giving them a little more time. He’s never been surer that Goldcorp is going to buy Gold American for $8.4 billion and within three months.
Tick-tock, John Myers, tick-tock.
According to Myers’ own calculations, Gold American’s have-to-own Mexico property has just 120,000 ounces of gold equivalent “resources”. And these resources come from a “magnetic survey” and “historical results”.
What exactly is Goldcorp going to do with 120koz of gold equivalent, Mr. Myers, assuming it’s even there? Mine it with a knife and fork, perhaps?
Maybe Myers really believes that gold will be priced at $3,717/oz in three months as implied by the $96.21 stock price. Oh, hold on, he keeps talking about gold moving toward $2,000 by the end of the year which, according to Myers, translates to $51.76/share. So which is it, John? $3,717/oz or $2,000/oz for the 3-month takeover window? The difference is only worth a cool $2.6 billion.
Investors who get suckered by the promises touted in these paid mailers can only blame themselves - especially for one as incompetently produced as this. After all, Gold American paid a “research analyst” to declare that it was worth $3.31 per share just last month.
Here’s our prediction for Gold American Mining, and we’ve never been surer of it. Goldcorp won’t even pay 9.621 cents a share for it within the next three years.
© 2010, MineFund.com > Commodity Investment Analysis & Analytics
In its "hard" form, it uses deceptive methods such as lies and false appearances.
In financial market, the illusion is created, as seen below, by rigging information or prices to entice investors to buy or to sell as fits the interests of the manipulators.
And as long as we're at it if you like discount drug companies there's SXCI out of Canada that does the same thing, currently $55 ish?
Routinely his slickly advertised "this will make you rich" pumps, paid for quite handsomely I might add, written by stalwart analysts such as John Meyers although there are others of equal or greater incompetence, run a course of a year or less. We have already witnessed the peaks. Stay away. Stay away. Stay away. It's just us little bloggers that can keep an eye out for each other. The FBI missed ENRON. The SEC Madoff. And Petersen knows this. Petersen is laughing at us. You like being laughed at? In this case it's not something but someone that's rotten in denmark.
The National Whistleblower Legal Defense and Education Fund is a public interest law firm which works in conjunction with the National Whistleblower Center. The Fund’s legal cases are managed by four attorney-trustees.
ontact Us
National Whistleblowers Center
3238 P St., N.W.
Washington
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contact@whistleblowers...
Ph: (202) 342-1903
Fx: (202) 342-1904
Regrettably, most of the people Petersen continually rips off are in their 60's and 70's maybe. Their ability to use a computer much less the internet is, well, lets just say restricted. Petersen knows this. Petersen is one of the cagiest SOB's to work a crowd since Adolf Hitler during the Nurenberg Rallies.
Like I said, my golden retriever could sniff out the stink.
PAY CLOSE ATTENTION!!!!!!!!!!!!!! THIS ONE IS A NO BRAINER!!!!!!!!!!!!!!!...
It's the Human Resources Address to Clown College at Ringling Brothers Barnum Bailey Circus:
Field Entertainment, Inc.
Attn: Talent and Production Department
1313 17th St. E
Palmetto, FL 34221
Talented in what? Able to produce what?
Well, that's up to the Human Resources Department to decipher.
What's the difference between a dead cat lying in the road and a dead clown lying in the road?
The dead cat has skid marks in front of it!
Is that hilarious or what!!
You will notice, as in the case of AMPW to name one of thousands of companies out there, that every now and again they post some newsy type of thing on their Recent News section of their website. If you look closely at the end of the little newsy thing is the word MARKETWIRE. Marketwire is a subscription service, paid for (again?@$%^&*()_) by a company to give the investors the tools he may need to help him decide if this is a good stock or a bad stock, or to just maybe help him stay with the stock. It's used by PR and IR firms(Investor Relations). 99.9% of the companies out there use it positively. To inform, to update, to do all of the good "to do's" But there's that 1/10 of 1 % that have found yet another way to lead the faithful down the road to financial ruin. So if you read a Marketwire news blip ask yourself this, "What has this got to do with the company I may be about to invest in?" Anything?
How many rabbits can a company pull out of a hat, anyway? It's getting to be they're gonna need another hat soon.
SILA was at 77 cents a share in August 2010. And the price is????
11 cents/share close of market yesterday. And that's with gold over $1500/ounce.
Here's the Short Version of Why:
Dear Investor:
Hype. . .or fact? When it comes to investing in the world of mining and energy I've got the kind of first-hand, mine-shaft experience that separates my recommendations from those of Wall Street.
My name is John Myers, and I grew up in the world of mining and energy investing - it's in my blood. My father was the famous C.V. Myers, one of the original "gold bugs" and an expert in natural resources. I was buying mining stocks at an age when most kids are still collecting baseball cards.
Over the years, I've helped subscribers to my newsletter services, John Myers' Resource Trader Alert, Outstanding Investments, Myers' Finance & Energy and Myers' Secret Stocks, stash away profits like these:
DRDGOLD
Metallica Resources
Coeur d' Alene Mines
Glamis/Franciso Gold
Wheaton River Minerals
Intrepid Minerals
PetroChina
Southern Copper Corp +937% in 25 months
+668% in 11 months
+344% in 26 months
+332% in 18 months
+162% in 17 months
+162% in 17 months
+142% in 22 months
+90% in 7 months
I tell you this not to inflate my ego, but to give you confidence that I know what I’m doing. I’m not suggesting you should put your entire nest egg in American Power Corp. (AMPW), but I do think that if you act before the next round of takeover talks begins, this 90-cent stock could easily fetch as much as $20 a share by the time giant Rio Tinto makes its final offer!
That works out to a gain of 2,122%! It means, if I’m right, $10,000 invested in AMPW now, while you can still get it for under $1, would explode in value to $222,000!
Big degrees from big universities and yet you get the feeling all that good education is being used to decieve, to take advantage, to...well...hate to say it...but I will...you get the feeling that the intent of all of this is to get your hard earned dollar. And not to get your hard earned dollar to take it, invest it, and give you two dollars in return. No...sadly...you could easily get the impression that once you contribute your dollar in what you think, what you hope, will be rewarded, is really a dollar better spent buying girl scout cookies.
Here's what comes to my mind tonight...ENRON. WorldCom. Global Crossing. AmBac. Citi Bank. Madoff. Millken. 1987. 2000.2008. Fannie Mae. Freddie Mac. BP. Transocean.
And tulips. More tulips than the eye could see, tulips everywhere.
Ripoff after ripoff after ripoff.
Apparently Pace got the property from the Giffen Mine Company, which ceased operations in 1961, around 1964. Maybe he won it in a lawsuit? But more likely than not it was an abandoned mine as there are many in Montana, which is how I'm begining to suspect the boy wonders found it in the first place. And then Pace sold it to AMPW...well...sold it? Basically, Pace did gave away (as has been correctly reported by Variant.
And it appears that the Pace Coal Gasification project never really got into high gear, low gear, or maybe any gear. And I have this feeling that the reason for that is environmental. Specifically, ground water and acquifiers. How would you like it if you opened your faucet for a glass of water and it came out brown? AMPW gives the image of once doing the survey and drillhole work that everything is then shovel ready. And although there are no doubts parts of Montana that are "coal friendly" (that's like saying there are parts of Appalachia that are coal friendly), there are about 10 well organized, mainstream environmental groups that appear to be opposing almost every thing to do with coal. They are not concerned about China and India. They are concerned about their own quality of life. Deer hunting, trout fishing, snowmobiling, skiing...a little something for everyone. Farming.
There is a force in that state, Montana, that opposes mining coal, transporting it, burning it and then with dealing with mines that have been shut down and the property goes into "environmental disrepair". I have a feeling too that the Pace coal, although it might be there, is facing a 5 year permit battle alone. A permit battle that could take 10-20 million dollars in legal costs, maybe more. Kick starting the mining of the coal as the promoters repeat dayin and day out is a pipedream. It's like saying Japan could build a nuclear power plant tomorrow no problem, just send the bricks and mortars...and radiation suits.
Then too all that talk about BNSF? And Warren Buffett? It sounds like BNSF is one very disliked concern. The trains are long, they are loud, and noisy, and there are too many of them. And it doesn't sound as if mainstream Montanans get any financial beenfits of putting up with all of that beyond jobs. What kind of milk would a cow produce if it was subjected to that kind of indigestion twelve times a day?
And even if I could get on a surfboard anymore having an ocean nearby would help the whole process too.::))
I think the stock pros would call it symmetrical triangulation, except the standard legitimate format differs from what has been viewed lately in that traditionally there are supposed to be some sharp peaks and angles and lately with AMPW it's straight up, and I do mean straight up, horizontal over for 20 or so minutes, and then brought down again by increased selling yet again. Maybe an hour later same scene again. Straight up, a horizontal line over, and then straight back down again.
It's almost like with 15 swords in its poor battling body the bull caught in the ring won't give up. Can't give up. The crowd is yelling for the matadors to finish the job but the bull lives on. The bull feels violated and the matador does all he can to perpetuate the violation but at this point there can be only one winner. And quite obviously, only one loser. Sometimes a matador gets gored. On occassion, they have even been gored to death. Thjs is a well known risk when one gets into the ring to challenge a bull. Although most might view the bull as a dumb oxen of sorts perhaps the bulls wounded movements, his wounded pride, his manliness, takes front stage to his incredible ability to survive under very adverse odds. The matador might win, and the crowd of half drunkard spectators might cheer, and the bull will most certainly die, but it's the bull's spirit that creates the lasting memory. The matador gets the immediate cheers but the bull gets the long term memory. Its the bull, and not the matador, that has a beautifully painted ornate Christmas ornament on the holiday tree year after year. The matador? Long forgotten, and more times than not an embarrassment.
www.faqs.org/sec-filin...
www.faqs.org/sec-filin...
It appears that Mr. Russell B. Pace Jr. has officially signed over his interest in the property to American Power.
That's common knowledge. Everyone knows that. No argument there.
In actuality he sold the mineral rights to AMPW for about $400,000 in upfront money due in two initial installmen. Pace loaned the money to AMPW at 5% interest make the purchase. That 5% interest has been waived for the first two years. The operator of this website, Variant, says so in his opening paragraphs. The SEC says so, I have corroborated it myself as I'm sure others have done as well. The question, my very good friend, that I'd like to ask you and others as well if you think I'm out to lunch is...why?
Why does someone sign away the rights to a supposed 300-400 million tons of what is probably the highest BTU rated coal out there, i.e. less coal burned more heat less expensive for a power company. Why?
As the phrase suggests, buying into a market with a lot of downward momentum can be quite dangerous. If timed perfectly, a buy at the bottom of a long downtrend can be rewarding - both financially and emotionally - but the risks run extremely high. This term implies that the investment will never be a good one again. Examples of stocks that have plummeted are plentiful; a widely-held stock can drop precipitously as the equity ownership is reduced to nothing.
www.faqs.org/sec-filin...
And then click on the other links at the top of the pages that shows all the documentation.
The fact that the company used an existing corporation namely Teen Glow Makeup, so that they could get to work on the mine more quickly is inconsequential...it happens all the time. It's just like a reverse merger, and it does save alot of time going through the SEC rig-a-marol...Then you just rename the company to American Power. It's pretty simple and like I said...happens all the time! Good luck, I'm in...and like I said, there's Coal in "Them There Hills"...30 BILLION dollars worth!!! Good Luck!
If you look back in the historical price section of Yahoo Finance, you'll see that the stock once hit 61 Cents back on October 27th, 2010. Just recently the stock hit 59 Cents, ran to 81 then back to 59 cents. This is a classic example of the stock hitting support, a near term double bottom at 59, and a long term Triple Bottom. Do you know what Technical Analysis tells you to do??? BUY HERE, it's Triple Bottoming!
finance.yahoo.com/q/hp...
This company is real, has financing and is getting this mine up to speed to mine Black Gold, C O A L!!! Good Luck and remember, Only in America!!! God Bless You All, even you Mr. Isam2424.
CLOSING STATEMENT
This Closing Statement agreed to and executed this 9th day of April, 2010, by and between JBM Energy Company, LLC, a Delaware limited liability company ("JBM"). Russell B. Pace, Jr. ("Pace"), Teen Glow Makeup, Inc. (name change to American Power Corp. in process), a Nevada corporation ("Buyer"), and Realty Title Company, Inc., a Montana corporation ("Escrow Agent"),
WITNESSETH:
1. Pursuant to the terms and conditions of the Escrow Agreement, entered into this 9th day of April, 2010, by and between JBM, Pace, Buyer and Escrow Agent, the following documents were delivered to the Escrow Agent to be held by it subject to the terms and conditions of said Escrow Agreement.
a. Quit Claim Deed dated April 9, 2010, from JBM to Buyer
b. Quit Claim Deed dated April 9, 2010, from Pace to Buyer
c. Mortgage and Security Agreement dated April 9, 2010 from Buyer to JBM and Pace
2. Buyer executed and delivered (a) its Promissory Note for $1,750,000 to JBM, and (b) its Promissory Note for $1,950,000 to Pace.
3. Buyer has bank wired $150,000 to the account of JBM in the US Bank in Great Falls, Montana.
4. Buyer and Pace agreed that the 250,000 shares of stock which Buyer was to have delivered to Pace on April 9, 2010, will be delivered to Pace as soon as the reorganization of Buyer is completed which Buyer expects to occur within the next 3-4 weeks. The stock will be mailed to Pace at:
5. Promptly upon receipt from Buyer of funds for JBM and Pace, Escrow Agent will bank wire all of the funds received from Buyer to either JBM or Pace after deducting any bank wire fees or charges incurred. The bank wire instructions for wiring funds to JBM and Pace are as follows:
A. For JBM Energy Company, LLC
Bank wire $ to:
U.S. Bank
300 Central Avenue
Great Falls, MT 59401
406-455-1077Bank Routing/ARA Number 092900383 For the account of:
JBM Energy Company, LLC Account No. 1-500-9034-1333
B. For Russell B. Pace, Jr.
Bank wire $ to:
Bank of America
2103 Barracks Road
Charlottesville, VA 22903
434-963-2907Bank Routing/ARA Number 051000017 For the account of:
Russell B. Pace, Jr.
Margaret A. Pace
Account No. 0041-1036-9763
6. Bank wire instructions for funds to be bank wired from Buyer to Escrow Agent are set forth in Exhibit A attached hereto.
7. At closing Escrow Agent will be paid a flat one time fee of $800 to set up and service all payments made under the Escrow Agreement. Any bank wire fees or charges incurred will be deducted from the amounts bank wired to JBM and Pace. Recording fees for recording the documents will be paid to Escrow Agent at closing.
8. JBM and Buyer agree to amend paragraph 2.a. of the Coal Buy and Sell agreement to give Buyer twenty-four (24) months to complete the drilling and prepare the reserve Study and the Mine Feasibility Study with a Mining Plan (instead of 18 months as presently provided). All other language and provisions in said paragraph 2.a. should remain the same and in full force and effect.
9. JBM and Buyer agree to amend paragraph 10.a. of the Coal Buy and Sell Agreement by adding at the end of the last sentence of paragraph 10.a. the following:
", and the Buyer's Promissory Note for the remaining balance of $1,250,000 shall be cancelled."
All other language and provisions in said paragraph 10.a. should remain the same and in full force and effect.
10. Buyer and Pace agree to amend paragraph 9.a. of the Mineral Buy and Sell Agreement by adding the following sentence at the end of paragraph 9.a.
"If Buyer makes timely all payments provided for in paragraph 2 above, and if Buyer becomes entitled to receive the 40% equity interest in JBM as provided for in paragraph
10.a. of the Coal Buy and Sell Agreement, Buyer's Promissory Note to Pace for the remaining balance of $1,250,000 shall be cancelled.
All other language and provisions in said paragraph 9.a. should remain the same and in full force and effect.
11. Buyer and JBM agree to amend paragraph 10.a. of the Coal Buy and Sell Agreement to provide that if JBM, at its option deems the Coal Agreement terminated, null, void and no further force and effect, at which time Buyer shall have no further rights or liabilities under the Coal Agreement or the Promissory Note issued by Buyer thereunder, and all payments made by Buyer shall be deemed forfeited and non-refundable.
All other language and provisions in said paragraph 10.a. shall remain the same in full force and effect.
12. Buyer and Pace agree to amend paragraph 9.a. of the Mineral Buy and Sell Agreement to provide that if Pace, at his option deems the Mineral Agreement terminated, null, void and no further force and effect, at which time Buyer shall have no further rights or liabilities under the Mineral Agreement or the Promissory Note issued by Buyer thereunder, and all payments made by Buyer shall be deemed forfeited and non-refundable.
All other language and provisions in said paragraph 9.a. shall remain the same and in full force and effect.
Executed as of this 9th day of April, 2010.
By: BUYER:
Teen Glow Makeup, Inc.
{name change to American Power 'Corp. in process)
By:
/s/ Russell B. Pace, Jr. /s/ Johannes Petersen
Russell B. Pace, Jr. Johannes Petersen
Individually President
ESCROW AGENT
JBM Energy Company, LLC Realty Title Company, Inc.
By: By:
/s/ Russell B. Pace, Jr.
Russell B. Pace, Jr.
Sole Manager
EXHIBIT A TO CLOSING
REALTY TITLE COMPANY
201 6th Street South
Lewistown, MT 59457
(406) 535-2326/8176 Phone
(406) 535-5184 Fax
e-mail: rtc@midrivers.com
WIRE TRANSFER ROUTING INSTRUCTIONS
TO BE ASSURED OF PROMPT PROCESSING OF YOUR INCOMING WIRES PLEASE PROVIDE THE FOLLOWING INSTRUCTIONS TO THE INITIATING BANK:
RECEIVING BANK: (Field 3400)
First Bank of Montana 224 W. Main Street Lewistown, MT 59457
(406) 538-7471
ABA ROUTING TRANSIT NUMBER 092900736
BENFICIARY INFORMATION(BNF) (Field 4100)
ACCOUNT # 5083121086
ACCOUNT NAME REALTY TITLE COMPANY, INC. TRUST ACCOUNT
ORIGINATOR TO BENEFICIARY INFORMATION (OBI) (Field 6000)
Read more: www.faqs.org/sec-filin...
Read more: www.faqs.org/sec-filin...
$1,950,000 April 9, 2010
FOR VALUE RECEIVED, undersigned, Teen Glow Makeup, Inc. (name change to American Power Corp. in process), a Nevada corporation, hereby promises to pay to the order of Russell B. Pace, Jr. ("Pace") the principal sum of One Million Nine Hundred Fifty Thousand U.S. Dollars ($1,950,000), to be payable according to the following schedule and terms.
1. Principal payments shall be made in the following amounts on the following dates:
a. $200,000 on October 9, 2010.
b. $200,000 on April 9, 2011.
c. $100,000 90 days following completion of the Reserve Study and Mining Plan by undersigned as required by undersigned's agreement with Pace, but in no event later than on April 9, 2012.
d. $200,000 180 days following completion of the Reserve Study and Mining Plan by undersigned as required by undersigned's agreement with Pace, but in no event later than April 9, 2012.
e. Commencing on April 9, 2014, the remaining principal balance of One Million Two Hundred Fifty Thousand U.S. Dollars ($1,250,000) shall be paid in eight (8) equal quarterly installments plus all accrued interest on the unpaid principal balance due on the date of each installment payment of principal. Said quarterly installments of $156,250 each, plus the accrued interest, shall .be paid on April 9, 2014, July 9, 2014, October 9, 2014, January 9, 2015, April 9, 2015, July 9, 2015, October 9, 2015 and January 9, 2016.
This Note shall, bear interest at the rate of five percent (5%) per annum, but no interest shall be due and payable by undersigned during the first two (2) years following April 9, 2010. Interest shall commence to accrue starting on April 9, 2012, and interest only payments of $15,625 each shall be paid quarterly on the ninth (9th) day of each following July, October, January and April of every year through April 9, 2014 when thereafter quarterly interest payments are calculated on unpaid principal balances through the end of each quarter.
3. Undersigned shall have the right to prepay all or any part of the principal balance at any time without penalty.
4. All payments of principal and interest shall be made in cash by bank wire according to bank wire instructions given by Pace to undersigned from time to time.
5. All payments shall be first applied to interest and the balance to principal. All prepayments shall be applied in reverse order of maturity.
6. This Note is secured by a Mortgage of even date herewith (the "Mortgage") which constitutes a first lien upon coal and other mineral rights located in Judith Basin County, Montana.
7. This Note shall become due and payable at the option of the holder hereof, immediately upon default in payment of any installment of principal or interest payable hereunder, or any part thereof, or upon failure to comply with any of the terms, covenants, conditions or agreements contained in the Mortgage or other security instrument securing this Note, or upon the dissolution or liquidation of the undersigned, or upon the filing by undersigned of an assignment for the benefit of creditors, a petition in bankruptcy or other relief under the Bankruptcy Code, or by suffering an involuntary petition in bankruptcy or receivership not vacated within 30 days.
8. The undersigned agrees to pay all costs of collection, including reasonable attorney and paralegal fees, if this Note is placed in the hands of an attorney for collection after default, and hereby waives demand, presentment for payment, protest, notice of protest, and notice of dishonor.
9. Waiver by the holder hereof of any default by the undersigned shall not constitute a waiver by the holder of a subsequent default. Failure by the holder to exercise any right, power or privilege which he may have by reason of a default by the undersigned, shall not preclude the exercise of such right, power or privilege, so long as such default remains uncured or if a subsequent default occurs.
10. If the coal or other mineral rights encumbered by the Mortgage, or any portion thereof, or any interest therein, are sold, mortgaged, or conveyed or become subject to an agreement to sell, mortgage, or convey prior to the time this Note shall have been paid in full, then the entire balance of principal and accrued interest hereunder shall at the option of the holder hereof become immediately due and payable.
11. If Buyer makes timely all payments provided for hereunder, and if Buyer becomes entitled to receive the 40% equity interest in JBM as provided for in paragraph 10.a. of the Coal Buy and Sell Agreement between Buyer and JBM, this Promissory Note for the remaining balance of $1,250,000 shall be cancelled.
12. This note is made and executed under, and is in all respects to be governed by, the laws of the State of Montana.
This Note is being executed this 9th day of April, 2010.
TEEN GLOW MAKEUP, INC. (name change to American Power Corp. in process)
By: /s/ Johannes Petersen
President
Undersigned Maker
Signed in the presence of:
/s/ Robin Fleming
Witness
Read more: www.faqs.org/sec-filin...
There is no evidence that any of the obligations of American Power to date have not been satisfied.
Therefore, it appears that everything is on track for American Power and it's stockholders.
The first note (above) is payable to the Individual, Russell B Pace, Jr.
This note (below) is payable to the corporation, JBM Energy, a Delaware Corporation.
PROMISSORY NOTE
$1,750,000 April 9, 2010
FOR VALUE RECEIVED, undersigned, Teen Glow Makeup, Inc. (name change to American Power Corp. in process), a Nevada corporation, hereby promises to pay to the order of JBM Energy Company, LLC, a Delaware limited liability company ("JBM"), the principal sum of One Million Seven Hundred Fifty Thousand U.S. Dollars ($1,750,000), to be payable according to the following schedule and terms.
1. Principal payments shall be made in the following amounts on the following dates:
a. $200,000 on July 9, 2010.
b. $200,000 on January 9, 2011.
c. $100,000 90 days following completion of the Reserve Study and Mining Plan by undersigned as required by undersigned's agreement with JBM, but in no event later than on April 9, 2012.
d. Commencing on April 9, 2014, the remaining principal balance of One Million Two Hundred Fifty Thousand U.S. Dollars ($1,250,000) shall be paid in eight (8) equal quarterly installments plus all accrued interest on the unpaid principal balance due on the date of each installment payment of principal. Said quarterly installments of $156,250 each, plus the accrued interest, shall be paid on April 9, 2014, July 9, 2014, October 9, 2014, January 9, 2015, April 9, 2015, July 9, 2015, October 9, 2015 and January 9, 2016.
2. This Note shall bear interest at the rate of five percent (5%) per annum, but no interest shall be due and payable by undersigned during the first two (2) years following April 9, 2010. Interest shall commence to accrue starting on April 9, 2012, and interest only payments of $15,625 each shall be paid quarterly on the ninth (9th) day of each following July, October, January and April of every year through April 9, 2014 when thereafter quarterly interest payments are calculated on unpaid principal balances through the end of each quarter.
3. Undersigned shall have the right to prepay all or any .part of the principal balance at any time without penalty.
4. All payments of principal and interest shall be made in cash by bank wire according to bank wire instructions given by JBM to undersigned from time to time.
5. All payments shall be first applied to interest and the balance to principal. All prepayments shall be applied in reverse order of maturity.
6. This Note is secured by a Mortgage of even date herewith (the "Mortgage") which constitutes a first lien upon coal and other mineral rights located in Judith Basin County, Montana.
7. This Note shall become due and payable at the option of the holder hereof, immediately upon default in payment of any installment of principal or interest payable hereunder, or any part thereof, or upon failure to comply with any of the terms, covenants, conditions or agreements contained in the Mortgage or other security instrument securing this Note, or upon the dissolution or liquidation of the undersigned, or upon the filing by undersigned of an assignment for the benefit of creditors, a petition in bankruptcy or other relief under the Bankruptcy Code, or by suffering an involuntary petition in bankruptcy or receivership not vacated within 30 days.
8. The undersigned agrees to pay all costs of collection, including reasonable attorney and paralegal fees, if this Note is placed in the hands of an attorney for collection after default, and hereby waives demand, presentment for payment, protest, notice of protest, and notice of dishonor.
9. Waiver by the holder hereof of any default by the undersigned shall not constitute a waiver by the holder of a subsequent default. Failure by the holder to exercise any right, power or privilege which it may have by reason of a default by the undersigned, shall not preclude the exercise of such right, power or privilege, so long as such default remains uncured or if a subsequent default occurs.
10. If the coal or other mineral rights encumbered by the Mortgage, or any portion thereof, or any interest therein, are sold, mortgaged, or conveyed or become subject to an agreement to sell, mortgage, or convey prior to the time this Note shall have been paid in full, then the entire balance of principal and accrued interest hereunder shall at the option of the holder hereof become immediately due and payable.
11. If Buyer makes timely all payments provided for hereunder, and if Buyer becomes entitled to receive the 40% equity interest in JBM as provided for in paragraph 10.a. of the Coal Buy and Sell Agreement between Buyer and JBM, this Promissory Note for the remaining balance of $1,250,000 shall be cancelled.
12. This note is made and executed under, and is in all respects to be governed by, the laws of the State of Montana.
This Note is being executed this 9th day of April, 2010.
TEEN GLOW MAKEUP, INC. (name change to American Power Corp. in process)
By: /s/ Johannes Petersen
President
Undersigned Maker
Signed in the presence of:
/s/ Robin Fleming
Witness
Read more: www.faqs.org/sec-filin...
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
----------------------...
FORM 8-K
----------------------...
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported): April 9, 2010
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TEEN GLOW MAKEUP, INC.
(Exact Name of Registrant as Specified in Charter)
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NEVADA
(State or other jurisdiction of incorporation or organization)
333-151517
(Commission File Number)
26-0693872
(IRS Employer Identification Number)
16 Market Square Centre
1400 16th Street, Suite 400
Denver – CO 80202
Tel: 720.932.8389Fax: 720.222.5151
(Address of principal executive offices)
----------------------...
Copies to:
JPF Securities Law, LLC
19720 Jetton Road
Suite 300
Cornelius, NC 28031
Tel: 704-897-8334Fax: 270- 897-8338
----------------------...
This Current Report on Form 8-K is filed by Teen Glow Makeup, Inc., a Nevada corporation (“Teen Glow” or the “Company” or “Registrant”), in connection with the items described below.
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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TABLE OF CONTENTS
Item 1.01 Entry into a Material Definitive Agreement
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an off Balance Sheet Arrangement of a Registrant
Item 9.01 Financial Statements and Exhibits
Exhibit 10.1 Escrow Agreement
Exhibit 10.2 Quit Claim Mineral & Coal Deed
Exhibit 10.3 Mortgage and Security Agreement
Exhibit 10.4 Promissory Note with Pace
Exhibit 10.5 Promissory Note with JBM
Exhibit 10.6 Closing Statement
Signatures
Item 1.01 Entry into a Material Definitive Agreement
Escrow Agreement
On April 9, 2010, Teen Glow entered into an Escrow Agreement by and between JBM Energy Company, LLC, a Delaware limited liability company (“JBM”), Russell B. Pace, Jr (“Pace”) and Realty Title Company, Inc., a Montana corporation (“Escrow Agent”). JBM and Pace have entered into agreements with Teen Glow whereby they are conveying certain coal and other mineral rights in Judith Basin County, Montana to Teen Glow pursuant to Quit Claim Deed. JBM and Pace have also executed a Mortgage which secures payments and other obligations due from Teen Glow to JBM and Pace. Pursuant to the Escrow Agreement, the Quit Claim Deeds and the Mortgage will be placed in escrow and held in escrow until the satisfaction of certain conditions, at which time they would be delivered to the parties entitled thereto and recorded. The Escrow Agreement is attached hereto as Exhibit 10.1.
Quit Claim Deeds
On April 9, 2010, Pace and Teen Glow executed a Quit Claim Mineral Deed. Pursuant to the Quit Claim Mineral Deed, Pace, for good and valuable consideration, conveyed, remised, and forever quit claim unto Teen Glow, and to its successors and assigns forever, all mineral rights located under real property in Judith Basin County, Montana. The Judith Basin County property comes with all tenements, hereditaments, and appurtenances thereto belonging and also all of the estate, right, title, interest, property, possession, claim and demand whatsoever, as well in law as in equity, of Pace, of in, or to the premises to have and to hold with the appurtenances unto Teen Glow and to its successors and assigns forever. The Quit Claim Mineral Deed transfers all mineral rights (except for Coal), all oil rights and all gas rights owned by Pace in the Judith Basin County property. Also included in the Quit Claim Mineral Deed is reference to the Mineral Buy and Sell Agreement attached as exhibit 10.6 on the Form 8-K filed with the Securities and Exchange Commission on April 5, 2010, which is hereby incorporated by reference. The Quit Claim Mineral Deed is filed hereto as Exhibit 10.2.
On April 9, 2010, JBM and Teen Glow executed a Quit Claim Coal Mineral Deed. Pursuant to the Quit Claim Coal Mineral Deed, JBM, for good and valuable consideration, conveyed, remised, and forever quit claim unto Teen Glow, and to its successors and assigns forever, all coal rights located under real property in Judith Basin County, Montana. The Judith Basin County property comes with all tenements, hereditaments, and appurtenances thereto belonging and also all of the estate, right, title, interest, property, possession, claim and demand whatsoever, as well in law as in equity, of JBM, of in, or to the premises to have and to hold with the appurtenances unto Teen Glow and to its successors and assigns forever. The Quit Claim Coal Mineral Deed transfers all coal rights owned by JBM in the Judith Basin County property. Also included in the Quit Claim Coal Mineral Deed is reference to the Coal Buy and Sell Agreement attached as exhibit 10.1 on the Form 8-K filed with the Securities and Exchange Commission on April 5, 2010, which is hereby incorporated by reference. The Quit Claim Mineral Deed is filed hereto as Exhibit 10.2.
Mortgage and Security Agreement
On April 9, 2010, Teen Glow, Pace, and JBM entered into a Mortgage and Security Agreement. Teen Glow, for the sum of Three Million Seven Hundred Thousand Dollars ($3,700,000) financed by Pace and JBM and acknowledged by Teen Glow, mortgaged and confirmed unto Pace and JBM, their successors and assigns, the following properties:
- Real Property: The real property is located in Judith Basin County, Montana, and consists of Mineral rights and Coal rights; and
- Rents and Profits: All rents, issues, royalties and profits now due or which may hereafter become due under or by virtue of any lease, license, sublease, or agreement, written or verbal, for the use, mining or other exploration of the properties or any part thereof, whether now existing or hereafter made; and
- Judgment and Awards: All awards and other compensation heretofore or hereafter made to the present and all subsequent owners of the properties for any taking or damaging by eminent domain, either permanent or temporary, of all or any part of the properties or any easement or appurtenances thereof.
These properties are being sold by Pace and JBM and the Mortgage and Security Agreement is executed for the purpose of securing payment of the unpaid principal balance and the other agreed upon obligations contained in all agreements between Pace, JBM, and Teen Glow. The Mortgage and Security Agreement is attached hereto as exhibit 10.3. The unpaid principal balance is described in more detail within the Promissory Note section of this Current Report of Form 8-K.
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Promissory Notes
On April 9, 2010, Teen Glow signed a Promissory Note with Pace, stating the Teen Glow promises to pay to the order of Pace the sum of One Million Nine Hundred Fifty Thousand U.S. Dollars ($1,950,000), to be payable to the following schedule and terms:
i. $200,000 on October 9, 2010
ii. $200,000 on April 9, 2011
iii. $100,000 90 days following completion of Reserve Study and Mining Plan by Teen Glow as required by Teen Glow’s agreement with Pace, but in no event later than on April 9, 2012
iv. $200,000 180 days following completion of Reserve Study and Mining Plan by Teen Glow as required by Teen Glow’s agreement with Pace, but in no event later than April 9, 2012
v. Commencing on April 9, 2014, the remaining principal balance of One Million Two Hundred and Fifty Thousand U.S. Dollars ($1,250,000) shall be paid in eight (8) equal quarterly installments plus all accrued interest on the unpaid principal balance due on the date of each installment payment of principal. Said quarterly installments of $156,250 each, plus the accrued interest, shall be paid on April 9, 2014, July 9, 2014, October 9, 2014, January 9, 2015, April 9, 2015, July 9, 2015, October 9, 2015 and January 9, 2016.
This Promissory Note shall bear interest at the rate of five percent (5%) per annum, but no interest shall be due payable by Teen Glow during the first two (2) years following April 9, 2010. Interest shall commence to accrue starting on April 9, 2012 and interest only payments of $15,625 each shall be paid quarterly on the ninth (9th) day of each following July, October, January and April of every year through April 9, 2014 when thereafter quarterly interest payments are calculated on unpaid principal balances through the end of each quarter. Teen Glow has the right to repay all or any part of the principal balance at anytime without penalty. All payments shall be made by bank wire. This Promissory Note is secured by the Mortgage and Security Agreement which constitutes a first lien upon coal and other mineral rights located in Judith Basin County, Montana. The Promissory Note between Teen Glow and Pace is attached hereto as Exhibit 10.4.
On April 9, 2010, Teen Glow signed a Promissory Note with JBM, stating the Teen Glow promises to pay to the order of JBM the sum of One Million Seven Hundred Fifty Thousand U.S. Dollars ($1,750,000), to be payable to the following schedule and terms:
vi. $200,000 on July 9, 2010
vii. $200,000 on January 9, 2011
viii. $100,000 90 days following completion of Reserve Study and Mining Plan by Teen Glow as required by Teen Glow’s agreement with JBM, but in no event later than on April 9, 2012
ix. Commencing on April 9, 2014, the remaining principal balance of One Million Two Hundred and Fifty Thousand U.S. Dollars ($1,250,000) shall be paid in eight (8) equal quarterly installments plus all accrued interest on the unpaid principal balance due on the date of each installment payment of principal. Said quarterly installments of $156,250 each, plus the accrued interest, shall be paid on April 9, 2014, July 9, 2014, October 9, 2014, January 9, 2015, April 9, 2015, July 9, 2015, October 9, 2015 and January 9, 2016.
This Promissory Note shall bear interest at the rate of five percent (5%) per annum, but no interest shall be due payable by Teen Glow during the first two (2) years following April 9, 2010. Interest shall commence to accrue starting on April 9, 2012 and interest only payments of $15,625 each shall be paid quarterly on the ninth (9th) day of each following July, October, January and April of every year through April 9, 2014 when thereafter quarterly interest payments are calculated on unpaid principal balances through the end of each quarter. Teen Glow has the right to repay all or any part of the principal balance at anytime without penalty. All payments shall be made by bank wire. This Promissory Note is secured by the Mortgage and Security Agreement which constitutes a first lien upon coal and other mineral rights located in Judith Basin County, Montana. The Promissory Note between Teen Glow and JBM is attached hereto as Exhibit 10.5.
Closing Statement
On April 9, 2010, Teen Glow, JBM, Pace, and the Escrow Agent signed and executed the Closing Statement. Pursuant to the Closing Statement, Teen Glow affirms the following:
1. The Quit Claim Deeds and the Mortgage and Security Agreement were delivered to the Escrow Agent pursuant to the terms of the Escrow Agreement; and
2. Teen Glow executed and delivered the Promissory Note for $1,750,000 to JBM and the Promissory Note for $1,950,000 to Pace; and
3. Teen Glow wired $150,000 to the JBM bank account designated; and
4. Teen Glow and Pace agreed that 250,000 shares of stock of Teen Glow will be delivered to Pace as soon as the reorganization of Teen Glow is completed; and
5. Upon receipt from Teen Glow of funds for JBM and Pace, the Escrow Agent will bank wire all of the funds received from Teen Glow to either JBM or Pace after deducing any bank wire fees or charges incurred; and
6. The Escrow Agent will be paid a flat one time fee of $800 to set up and service all payments made under the Escrow Agreement; and
7. JBM and Teen Glow agree to amend paragraph 2.a of the Coal Buy and Sell Agreement to give Teen Glow twenty four (24) months to complete the drilling and prepare the Reserve Study and the Mine Feasibility Study with a Mining Plan (instead of 18 months as presently provided). The Coal Buy and Sell Agreement attached as Exhibit 10.1 to the Form 8-K filed with the Securities and Exchange Commission on April 5, 2010 is hereby incorporated by reference; and
8. JBM and Teen Glow agree to amend paragraph 10.a of the Coal Buy and Sell Agreement by adding at the end of the last sentence of paragraph 10.a the following: “and the Buyer’s Promissory Note for the reaming balance of $1,250,000 shall be cancelled.” The Coal Buy and Sell Agreement attached as Exhibit 10.1 to the Form 8-K filed with the Securities and Exchange Commission on April 5, 2010 is hereby incorporated by reference; and
9. Pace and Teen Glow agree to amend paragraph 9.a of the Mineral Buy and Sell Agreement by adding the following sentence at the end of paragraph 9.a: “If Buyer makes timely all payments provided for in paragraph 2 above, and if Buyer becomes entitled to received the 40% equity interest in JBM as provided for in paragraph 10.a of the Coal Buy and Sell Agreement, Buyer’s Promissory Note to Pace for the remaining balance of $1,250,000 shall be cancelled.” The Mineral Buy and Sell Agreement attached as Exhibit 10.6 to the Form 8-K filed with the Securities and Exchange Commission on April 5, 2010 is hereby incorporated by reference.; and
10. JBM and Teen Glow agree to amend paragraph 10.a of the Coal Buy and Sell Agreement to provide that if JBM, at its option deems the Coal Agreement terminated, null, void and no further force and effect, at which time Teen Glow shall have no further rights or liabilities under the Coal Agreement or the Promissory Note issued by Teen Glow thereunder, and all payments made by Teen Glow shall be deemed forfeited and non-refundable. The Coal Buy and Sell Agreement attached as Exhibit 10.1 to the Form 8-K filed with the Securities and Exchange Commission on April 5, 2010 is hereby incorporated by reference; and
11. Pace and Teen Glow agree to amend paragraph 9.a of the Mineral Buy and Sell Agreement to provide that if Pace, at his option deems the Mineral Agreement terminated, null, void and no further force and effect, at which time Teen Glow shall have no further rights or liabilities under the Mineral Agreement or the Promissory Note issued by Teen Glow thereunder, and all payments made by Teen Glow shall be deemed forfeited and non-refundable. The Mineral Buy and Sell Agreement attached as Exhibit 10.6 to the Form 8-K filed with the Securities and Exchange Commission on April 5, 2010 is hereby incorporated by reference.
The Closing Statement is hereby attached as Exhibit 10.6.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an off Balance Sheet Arrangement of a Registrant
Refer to the Promissory Note section within Item 1.01 Entry into a Material Definitive Agreement.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit 10.1 Escrow Agreement
Exhibit 10.2 Quit Claim Mineral & Coal Deed
Exhibit 10.3 Mortgage and Security Agreement
Exhibit 10.4 Promissory Note with Pace
Exhibit 10.5 Promissory Note with JBM
Exhibit 10.6 Closing Statement
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" Apparently Pace got the property from the Giffen Mine Company, which ceased operations in 1961, around 1964. Maybe he won it in a lawsuit? But more likely than not it was an abandoned mine as there are many in Montana, which is how I'm begining to suspect the boy wonders found it in the first place. And then Pace sold it to AMPW...well...sold it? Basically, Pace did gave away (as has been correctly reported by Variant."
I think it very very important to note, gas was 20 cents a gallon in 1964. Chinese people rode on bicycles and there was not as much need for coal at that time. More Importantly, I mean Most Importantly, the property was never tested to the extent that the Mobil Corporation did in 1979. So who cares how Pace got the mine in 1964? Mobil said in 1979 that it has possibly up to 410 million tonnes of high grade coal in the 29,000 acres. Don't you get it? And why do you have to say he won it in a lawsuit, I'm sure property records will prove you different. Why do you keep making up stories to discourage people from owning this stock??? I know why...and now we all know why...you have an agenda...and it's been exposed here today. I'll be writing you from the Caribbean in a few years while I'm sitting on the beach with a cold beer in my hand...don't miss the boat, the stock shows good support here at 60 cents...and maybe I'm the guy buying everytime it hits 59-60 cents???
P.S. Did you know that Weir Internatiuonal of Downers Grove, Illinois (“Weir”) is currently working on the State of Montana Permit as we speak for the Pace Coal Project? Do you know the reputation of Weir International??? And who they are in the oil, gas and coal community?
They are THE BEST in the Industry. They are top of the line, Bar None!!!
www.weiroilandgas.com
American Power (OTCBB: TGMP) Approves Exploration Drilling Program at Pace Coal Project
October 30, 2010, DENVER, CO -(Coal Geology)- American Power Corp. (OTCBB: TGMP) (“American Power” or “the Company”) is pleased to provide an update on its operations at the Pace Coal Project located in Judith Basin County, Montana.
As announced on our press release dated August 30, 2010, American Power retained Weir International Inc. of Downers Grove, Illinois (“Weir”) to prepare an exploration drilling program and to supervise its execution in order to evaluate the coal reserve potential on our Pace Coal property. The board of directors of American Power subsequently approved the drilling program presented by Weir and the Company is currently working on the drilling permitting process with the objective to initiate drilling operations during the first quarter of 2011.
NPL Site Narrative for Barker Hughesville Mining District
BARKER HUGHESVILLE MINING DISTRICT
Barker, Montana
Federal Register Notice: September 13, 2001
Conditions at Proposal (December 1, 2000): The Barker Hughesville Mining District is located south of Great Falls, Montana and approximately 12 miles east of the Town of Monarch. Following the 1879 ore discovery in the Galena Creek drainage, hundreds of mining claims were established. Originally, high grade lead-silver ore was mined and hauled by wagon train to Fort Benton. In an effort to keep down shipping costs, several smelters were constructed in the mining district in 1881. Around 1883 mining tapered off due to the depletion of the rich, surficial ore bodies. Operations started again when the rail line was completed that connected the mining district to the Great Northern Line in Monarch, until the national demonetization of silver in 1893. Except for brief periods of mining activity in the 1920s, the 1940s and the 1970s, the Barker Hughesville Mining District ceased to function.
The waste pile sources included as part of this site are the Block P, the Danny T and the Tiger Mine, all located within one mile of each other. Releases from the waste piles have been observed in the adjacent surface water of Daisy Creek, Galena Creek, the Dry Fork of Belt Creek and Belt Creek. Belt Creek and Dry Fork of Belt Creek are both considered fisheries by Montana Fish, Wildlife and Parks, populated with brown trout, rainbow trout, brook trout, and cutthroat trout.
The Block P Mine area has operated periodically over the last 100 years under several different owners. The source consists of approximately 185,000 cubic yards of mostly uncovered and decayed waste rock located in and along Galena Creek. The Montana Department of State Lands/Abandoned Mine Reclamation Bureau (MDSL/AMRB) conducted a Preliminary Assessment (PA) of the Barker Hughesville mining district in 1990. Analytical results from soil samples from the Block P Mine indicated the presence of elevated levels of arsenic, cadmium, iron, lead, and zinc, as well as several other hazardous substances.
The Danny T mine is located midway between Barker and Hughesville. The waste rock pile is estimated at 10,200 cubic yards in volume, and the adit is estimated to discharge approximately eight gallons per minute. During the 1990 PA, aqueous samples from the adit contained elevated levels of arsenic, cadmium, copper, lead, and zinc. In 1994 the MDSL/AMRB sampled the uncovered waste rock and collected two aqueous samples from water that had flowed over the waste rock pile. The waste rock pile sample contained arsenic, copper, mercury, lead, and zinc. Aqueous sample results were similar to the 1990 analysis. Analytical results from soil samples submitted for total metals analysis indicated the presence of elevated levels of arsenic, copper, mercury, lead, and zinc, as well as several other hazardous substances.
The Tiger Mine claim was patented in 1892 and has operated periodically over the last 110 years under several different owners. The Tiger Mine consists of approximately 8,200 cubic yards of mostly uncovered and decayed waste rock. During 1993 MDSL/ARMB performed a Hazardous Materials Inventory on the Tiger Mine. Waste pile samples contained arsenic, cadmium, copper, iron, lead, manganese, mercury, nickel, and zinc. Analytical results for soil samples collected during the 1994 sampling effort by MDSL/AMRB indicated the presence of elevated levels of arsenic, cadmium, copper, mercury, lead, manganese, nickel, and zinc.
Analyses of sediment and surface water samples from Belt Creek and Dry Fork of Belt Creek, collected over a four-year period to evaluate the Barker Hughesville Mining District, indicate that concentrations of arsenic, cadmium, copper, lead, manganese, nickel, and zinc are significantly above background concentrations.
"The Barker Hughesville Mining District is Primarily in CASCADE COUNTY with a portion in Judith Basin County. Galena Creek flows through the district. The community of Monarch is located about 15 miles away in CASCADE COUNTY."
As you see, The Barker Hughesville Mining District is primarily in CASCADE COUNTY, with a portion in Judith Basin County, NOT Pace Coal Mine. Judith Basin County is 1870 square miles. There is no mention of contamination at the Pace Coal Mine which is 45 square miles (29,000 acres) of the total 1871 square miles in all of Judith Basin County!!! NONE WHATSOEVER! So why are you trying to scare people. Once again, that is a completely different county. Cascade County is 2,698 Square Miles. Do you know how big that is, and that is the county that you are referencing has a contamination problem area in a small portion of that county. A few days ago you were saying that the coal at Pace may be under 3 feet of SPENT Plutonium. Now you're trying a whole new angle. Because there is a problem in a neighboring county, you're trying to incinuate that there is a problem at PACE. If there is, please cite the news as I have Googled PACE for any problem and there is NONE! Do you know that you are opening yourself up to a Federal Lawsuit? Once you publish something libelous or slanderous on the Internet, it becomes a Federal Crime, as your actions cross state lines. It's like licking a postage stamp and sending it in the Mail. It's a Federal Crime. There is NO known contamination of any kind at the Pace Coal project. So, please stop slanting the news and confusing people. You may even want to retract your statements.
Here is a map of the counties in Montana,
geology.com/county-map...
Look for Cascade County, where the contamination is...
Look for Judith Basin County directly to the east. Do you see how much area that encompasses??? Do you know that from Monarch to Judith County Basin is an hour and a half away by car???
You're really a ruthless person, trying to associate the happenings at an area in a neighboring county an hour and a half away, with that of the Pace Coal Project...it looks like you'll stop at nothing to drive this stock down...wow, how do you sleep at night or look in the mirror each morning.
Once again Everyone, there is no evidence of any EPA problem at The Pace Coal Project...if you have any doubts, just Google it and see for yourself.
Thanks for trying to save me a few bucks here ISAM2424, however, in a year or two I'll probably have $3,000,000 - $6,000,000. And if I need your help, I'll ask for it!!! The more you write, the more I know that AMPW is for real. You don't know anything.
Who asked you to try and save me a few bucks anyway? Mind your own business....shuffleboard I think...yes?
Kind Regards,
Keith
He only signed off on the mineral and coal rights with certain stipulations and conditions that AMPW has to live up to.
HE STILL OWNS THE LAND! HE DIDIN'T GIVE IT AWAY!
Wake up!
Everything is Not as It Appears!
Can you make it get down to 10 to 20 cents on the Bid side for me? I'd like to get around 500,000 shares. Please help!
Thanks!
It's been a pleasure conversing with you.
Regards,
Keith
I'm sorry, but I feel compelled to leave you with some lasting wisdom for your lifetime. Another Jewish friend of mine, Palm Beach retired neurosurgeon turned early 80's Texas Real Estate Billionaire, once told me...
To make a deal work, you have to, and I quote, "You have to leave enough room in the deal for the other guy to make a profit", or else the deal won't work.
Have you ever thought that the landowner realizes the same thing? He owns the land and is leaving alot of room for these guys to have major incentive to make this work. He's leaving them alot of room to make a profit. Given that, their chances of success are even greater, aren't they?
And if they are successful, he wins as well, as he receives a royalty in percentages for the remainder of the life of the mine, as well as some millions of dollars in funds to both he and his energy company. How much is 10% of 10 billion dollars of coal? Last time I looked it was 1 billion dollars. And you say he gave it away??? I wish I was so stupid to give away some rights I have for a billion dollars and still own the 29,000 acres to boot. Boy, I feel really sorry for that guy, he really blew that deal!
LOL
Read between the lines. This stock is cheap, and I wish it were a dime, I'd like to have 1,000,000 shares of it. This is exactly how people get rich in America. And now it's my turn.
Just a thought...
and best of luck to you in your endeavors....
Keith
......................... ~Warren Buffett~
Who is he? The Second Richest Man in America?
This is how one makes money in the stock market...
Its the Old Addage...Buy LOW, Sell HIGH!!!
AMPW Turns Down Peabody Energy Buyout...!!!
stocknewsalerts.net/ne...
Como esta mi amigo?
You're right by golly...about Peabody. Thank you! Now I'll be able to sleep tonight.
Oh, and you're right too about "Everything is Not as it Appears".
I bet you're damn good at playing Trivial Pursuit!!
And yes, Lsam2424 is my real name. I've had to live with it through my entire life, and it's been quite the ordeal but I think its made me a stronger, better person. I can tell you though in all honesty it's a bitch when you order things over the phone. When I tell them my name I always, ALWAYS, have to repeat it a second time. The pizza delivery guy always says, "L who? What the hell kind of name is that?" Then I go into a deep depression for a week. I really just wanted to be a Bob or Joe, even a Harold. Anything but what I wound up with. Is life a bitch or what?
Had a thought. Hear me out. Once AMPW gets up and running, moving all that good quality coal...think they'll be able to do it with just the BNSF?
Let me know what you think.
24
See, because CEO Al Valencia was quoted in the Billings Gazette on Friday, September 3, 2010 as saying they would likely have to do that-add a spur. Oh, and in the same article he was quoted as saying they'd probably need to sink an underground mine too.
Now, I haven't seen any rail spurs on CraigsList (no underground mines either) but I'd be willing to bet they don't come cheap.
So here's my question my Good Buddy-how do you "kick start" a coal mine when you have to create a mine to begin with? And with what capital do you use to do it? And as long as we're on these type subjects does the project intend to use union UMW workers or are they going to go Wisconsin on them? And with diesel prices now at or near record highs wouldn't that impact financial planning as to gross revenues and net revenues per ton of coal? And...projected profits??
And then lastly, if the previously sunk mine, the LeHigh mine, the one that had already produced 1.3 million tonnes of coal in the 1920's has to have some house cleaning before anything else is even contemplated, well, where is that money and labor coming from?
Lot of food for thought, no?
You're a patient in a doctors office. There are 3 other patients ahead of you.
The first patient goes in to see the doctor. He comes out. You say "Well how'd it go?"
The guy says, "Well... ok... except instead of cutting off my right leg he cut off my left!"
So then the second patient goes in, with a bit of noticeable fear in his face truth be told. But hes been told this doctor is top notch with quite the reputation. No worries!!
He comes out.
You ask, "Well how'd it go?"
The guy says "Well... sort of ok... but...but... instead of amputating my left leg he cut off my right!"
You're beginning to get a not very good feeling about things. But...you're a generous person with a kind heart and very willing to cut some folks some slack here and there. You don't want to appear fearful. Or biased. Your trust is what you have the most faith in. It's your creed.
Now Patient number 3 goes in.
He comes out.
You ask, "Well, how'd it go?"
Patient #3 says, "Well...well... OK. I mean I think it went ok... I guess... but he was supposed to amputate my right arm but cut both legs off instead!"
And then the nurse receptionist announces that the doctor is now ready for you.
Now is that a funny joke or what!
If you drew a straight line from the town of Monarch, and ran it directly east, 090 degrees relative, to the town of Windham, it would run right through the Pace Coal Project.
The epicenter of the NPL EPA site #8 lies 12-15 miles due east from the town of Monarch. The Pace Coal Project lies approximately, approximately, 3 miles due west of the town of Windham, and approximately ,approximately 4-5 miles south of the town of Stanford. At those crosshairs that puts that section of Russell Pace's property (there are two pieces don't forget, the Giffen Mine Property being the second) approximately 10+/- miles directly due east of the Superfund NPL site , Barker Hughesville #8 in a perfectly unwavering straight line.
And that sounds like alot doesn't it? 10 miles? Enough room to deal with arsenic and cadmium and zinc and mercury, decrepit mineshafts, piles of mining waste . polluted aquifiers and rivers, so forth and so on, and still crank out some coal, right?
But not if the shape of the property is more rectangular or odd shaped than perfectly square. A more rectangular piece of property would add length by virtue of simple geometry. So, my thesis is that the Pace Coal project might be even closer to the EPA Superfund Site, Barker Hughesville, #8 than has been mentioned in any AMPW SEC filing that I've come across. In fact, I have found no mention of any Superfund Site being mentioned in any AMPW SEC filing whatsoever. Nor have I heard any of the corporate officers mention the possibility, nor have I heard any paid promoter mentioning the possibility that the Pace Coal Project lies near an EPA Superfund Site, nor has any paid contractor. For some it seems mums the word. What's up with that? Nobody knew?
To a totally uneducated person such as myself, if I were a banker, and a couple of fellows came to me looking for big financing, and then they mentioned, "oh by the way it's next to a toxic waste dump" being not the sharpest tool in the shed I would feel obligated to show them the door. I would be polite, because afterall I'm a banker. I would not utter a single curse word. But I wouldn't think twice about kicking them each in the ass on the way out either.
Does the property have worth? Well, that's for you to decide.
My take.......AMPW is definitely a pump and dump stock, and it is also a real company with a valuable piece of property that could be a great growth story, or a good buyout candidate.
Kieth, if you do take that trip to Montana, my email is greymatter3000@yahoo.com. I would love to see your pictures and hear about what you found.
Pick your poison and place your bets..........Thats all folks.
You're a thinker, that's obvious, and I mention that fact in all sincerity. When I read your post I wanted to reach out in to the Ethernet, grab you by your ears, and give you the biggest hug a person could give from one to another.
Keep on thinking. Keep on questioning. There's an awful lot to think about, and even more so to question.
Once again, I own not a single share of AMPW. Not one.
2424
is in extremely close proximity to the Superfund EPA site for the Barker Hughesville Proje t Region 8 with it's focal point 12-15 miles due east of Monarch, MT.
That there is an abundance of coal in that region I do not deny. But I contend that that region of Judith Basin County, as well as abandoned mining sites in Lewis and Clark County, and Lincoln County, and Casper County are under intense EPA scrutiny because there are dozens and dozens of old mines that continue to contaminate and pollute their surroundings to this day. If anyone thinks I'm blowing smoke up their ass with all this talk of "shorting" I encourage you to go to the Montana Department of State Lands Abandoned Mines Reclamation Bureau.
There is an identifiable reason why Judith Basin shows that 21 per cent of it's population lives below the poverty level.
Currently, AMPW reports that they have 1.8 million dollars in financing. After the couple hundred grand spent for promotions, and the talk of having to add a spur, and then sink a mine with no bankable feasibility study AMPW doesn't have dick to "move the Pace Project Forward". Every one and their mothers uncle knows the coal exists! The entire state of Montana is one big coal mine!
But the costs of extracting it would be astronomical due to case after case after case of environmental abuse. And if I sound like a tree hugger as I'm sure I do? You'd be dead wrong. I am all in favor of all viable means of energy including nuclear, even in the wake of Japan.What I am not in favor of is previously failed promotions, that have sucked in what could be millions of investor dollars, with a fourth repeat episode.
You think any banker in his right mind would think twice about the Pace Coal Project with what the bank would have to invest and the
meager two pence AMPW could contribute? Talk about a laughingstock? Oh My God.
Entail
I'm going to give you a homework assignment. OK?
Go online to WestMarine.com
Seek out that area on West Marines site that sells navigational supplies.
Put the following in your shopping cart:
A set of dividers, they need not be expensive.
A set of parallel rulers OR a pair of triangles
Then find yourself a lead pencil, I prefer No.2's myself and get yourself a cheap pencil sharpener.
And then await my further instructions.
I think I would like to nominate 82 year old Korean War veteran Russell B. Pace, Jr. as Time Magazines Man of the Year. While most of us were just a sparkle in our parents eyes Russell may have been at the Frozen Chosen Reservoir. Or maybe at Pork Chop Hill. Or swooped down in his fighter jet at the Bridges at Toko-Ri. I happen to think Mr. Pace is a damn good lawyer. A very fine lawyer in fact. I think although his toes may have frozen in Korea those harsh conditions never affected his sense of smell. I see Mr. Pace as a man that respected the law and the 60 or so years he invested his time and energy and convictions in it.
And how are you this evening?
I hope you were able to purchase the dividers, parallel rulers, pencils and sharpener, and a road map of Montana. The sharpener is probably the most important tool of the lot. Every accountant keeps his pencil points honed to perfection.
Before we begin our homework assignment I would just like to comment on a remark you made a while back. I think without possibly realizing it that you hit the nail on the head with a hammer. You said, "...All propaganda should be illegal." I would now like to respond to your thoughts on propaganda. My thought is that I couldn't agree more. When all is said and done history has shown time and time again that indeed propaganda serves no long term purpose.
But the truth- now that's a precious commodity.
Tonights exercise Is a warmup. Nothing more. Learning to use the tools correctly.
You contend that a trip from Monarch to Windham, MT (The Pace Project ) would take an hour and a half. By road. Actually it's only 47.8 miles and Mapquest suggests you could do it in an hour. Seems like a lot of distance between a known toxic waste dump and a small rural town.
Toe the ruler, place it horizontal to the bottom of the map, and "walk" it up to the town of Monarch. Since the map is square the bottom edge serves as a 90 degree line running east to west or vice versa. When the ruler bisects Monarch take your pencil and draw a line from Monarch, through Hughesville, through Windham and take it all the way to, oh I don't know...say Lewistown just for good measure.
We are done (for tonight) using the parallel rule. But you'll need them again tomorrow so don't put them in the recycle bin just yet.
Now...every road map has a mileage scale. The increments vary depending on the scale of the chart. But if you bought a road map of Montana then it's probably based on a 30 mile scale, where one inch equals 14.7 miles.
Take your dividers and put one point on the 0 mark on the scale. Use the thumb screw on the dividers and keep opening the dividers until you can comfortably place the varying point of the dividers on the 15 mile mark on the 30 mile scale.
Maintain the distance you just measured on the scale.
Find the town of Monarch, MT. Place the left point of the dividers on Monarch and gently place the second point on the line we drew from Monarch to Lewiston.
The location the right hand point of the dividers will land to the right of Hughesville, site of EPA Region 8, the Barker Hughesville EPA Superfund Site. Take your pencil and mark that spot.
Now... put the right point of the dividers on the town of Windham.
Manually spread the divider until the second point touches that pencil point you just made to the right of Hughesville.
Maintain the spacing you just completed with the dividers and go down to the mileage scale.
Put the left point of the divider on the 0 mark, and put the right point on the scale itself. The distance should be about 14 miles.
But the Pace Project lies about 3 miles to the west of Windham so really the distance as the crow flies between the Pace Coal Project and the Superfund site is reduced to 11 miles.
But that section of the Pace Project consists of many thousands of acres. Depending on how the acreage is laid out, as in end to end and not perfectly square as one could be misled by the phrase "square miles" the distance ,as I have mentioned previously, could be quite lengthy. Lengthy enough in fact to be within a stones throw of the Superfund site.
Terrorism involves premeditation. The end result is always, always, the destruction of a bright and secure future.
15,000 acres equals 23.43 square miles.
If the acreage were completely square each side would equal the square root of 23.43 miles which is 4.8 statute miles.
In a perfect world.
As you grow older you begin to realize the world is most everything but perfect:)
There are 6 sites in Judith Basin that are in the Montana DEQ Hazardous Materials Inventory list. They are:
Marcelline
Belt Patent
Lucky Strike
Wright Lode
Edwards
Harrison
They all lie on a latitude of 47 degrees 04 minutes, and a longitude of 110 degrees 38 minutes. Essentially, they are right next to each other.
Now- put your thinking cap on.
Picture a right triangle.
A right triangle has a 90 degree angle, a right angle.
It has 3 legs.
One of those legs is the longest, and is called the hypotenuse.
Consider the 6 mines mentioned above.
Now consider this, and it's extremely important for your financial future to really really take an active role in this discussion.
The Pace Coal Project lies at one end of the hypotenuse, and the second Pace property, the Giffen Mine, lies at the other end of the hypotenuse.
You with me?
Contained within the triangle are the 6 Judith Basin mines mentioned above.
Here's what a 1993-1994 study revealed of the 6 mines:
Consider the word "exceeded".
Now consider what was exceeded:
Copper
Mercury
Lead
Cadmium
Arsenic
Zinc
Antimony
I think the only element missing is oxygen.
Three times doesn't sound so bad...does it?
Well, to try and put things in perspective if your total cholesterol was 600 would you be nervous?
If the area of a right triangle is equal to one half the base times the height, and the base is equal to 12 miles, and the height is equal to 45 miles then 12 x 45 equals 540 square miles, correct? And then half of 540 equals 270 square miles. Correct again?
Sounds like alot of square miles, huh?
Consider this however. The entire State of Montana is comprised of 147,046 square miles. As a percent 270/147,046 equals 0.00183616 which converted from a decimal to a percent is equal to 1/10 of 1 percent.
If you were in a contest to see which you find first, the triangle with the Pace properties, or a needle in a haystack your odds would be even which you would find first.
Why so alarmed?
Like you said, wait for the bottom, back up the truck and you'll be sipping martinis in Maui in no time!
Timing. I have learned it's all about timing.
Wait and watch and then BLAM!! Pull the trigger!!
What's the expression? Throwing a body under the bus?
"Well, it's just Al, Johannes, and myself."
"Well, Al and Johannes keep irregular hours."
"No comment...then check out the SEC filings."
"...it's a shell company."
"AMPW would be extremely speculative."
Tombstones. There was talk of tombstones. I know that makes absolutely no sense to most of us but do think of a graveyard and then it will, although it's still difficult for the average nine to fiver to get a handle on. All I can say is it appears to be a legitimate term in the world of big business. There too at some point in the future I will elaborate...but not now.
He was the forensic financial pathologist that saw AMPW coming.
His research ( unlike nameless others) was impeccable.
Right on in EVERY respect.
And when he said, "My Opinion: The property is worthless" he was positively clairvoyant.
You are good at this game for sure and I imagine you enjoy the banter. You may want to bring your talents over to IHUB board. There is no saving Keith on this board it seems.
ih.advfn.com/p.php?pid...
Also your invited to:
investorshub.advfn.com...
If you want to really dive into the fun.
Ps..the writer of this article has already exposed these players before
Gratefully yours, Keith
P.S.~ Do you know that the Peabody offer was actually real?
And once again, the Peabody (ticker BTU) offer was real.
www.sourcewatch.org/in...
Gryphon knows they got caught with their pants down around its ankles in what could and probably will become a scandal of epic proportions If it ever goes to court.
It's either Gryphon itself got blindsided and caught up in the pump...or they, Gryphon knew all along the wretchedness that they were contributing to by inking a deal with AMPW. They can't have it both ways.
I know, for absolute certain , that Gryphon Partners got nervous and completely freaked out with Petersen and AMPW after it became clear that Gryphon got caught with it's pants completely around it's ankles,
You're invited to my house for a thick juicy steak dinner slow roasted over a hot coal fire! Be well my friend and thanks tremendously for your support!!
24
In other words, what I believe them to be is a manipulated effort at price support.
Unproven but not unbelieved.
Isam2424, you have finally showed all of us exactly how much of a LIAR you are. The Gryphon Partners associated with AMPW is the one from Australia/ Canada, www.gryphonpartners.ca/
NOT the once you referenced with United Nations US Ambassador Zalmay Kalilzad. The real AMPW Gryphon Partners is at website
www.gryphonpartners.ca/ (CANADA)
NOT
www.gryphon-partners.com/
What you are doing here is illigal and should be reported to the SEC. You are a complete retard! You can't even get your Gryphon Partners affiliations correct!
Pay attention people, this man is a complete LIAR. Go to the two websites and see for yourself!
DENVER, CO--(Marketwire - 02/01/11) - American Power Corp. (OTC.BB:AMPW - News) ("American Power" or "the Company"), an independent coal exploration company headquartered in Denver, Colorado, is pleased to announce that it has retained Gryphon Partners ("Gryphon") to act as financial and strategic advisor to undertake a review of various alternatives available to the Company to maximize the untapped value in its coal exploration and development assets.
In 2010, the global coal-mining sector witnessed merger and acquisition transactions worth more than $47 billion through over 968 transactions, the highest number of deals on record. The increased corporate activity in the sector and the strong coal market fundamentals made American Power's board of directors search for an advisor that could help the Company take advantage of this market environment. American Power believes Gryphon's extensive experience in strategic consulting and transaction advisory services to resource companies will help the Company in evaluating all opportunities available, with the objective of further enhancing shareholder value.
"Our Pace Coal Project in Judith Basin County, Montana is of great importance to American Power and its shareholders. With both long-term development potential and substantial exploration upside, the Pace Coal Project represents significant value. We therefore look forward to working with Gryphon to unlock this value for our shareholders," commented Al Valencia, CEO of American Power.
"Gryphon is a leading and globally recognized independent advisory firm with in-depth knowledge of the natural resource markets and possesses a wide network of contacts within major resource corporations on a global basis, particularly in North America, Europe and throughout Asia. Thus, we strongly believe that Gryphon is well-positioned to assist American Power in this mandate," added Mr. Valencia.
ABOUT GRYPHON PARTNERS
Established in 2003, Gryphon Partners is an independent corporate advisor dedicated to the resources and energy sectors. Gryphon's team members have extensive experience working in the resources industry in either corporate development teams or as corporate advisors. Its principals have worked on some of the most complex mergers, takeovers, restructures and financings in the industry, providing advice to clients around the world in the traditional areas of mergers and acquisitions, corporate and project finance.
Gryphon's relevant transactions in the global mining sector include: Yanzhou Coal Mining's acquisition of Felix Resources ($2.8 billion); Macarthur Coal bid for Gloucester Coal ($560 million) and subsequent bid by Peabody Energy for Macarthur Coal ($3.7 billion); Noble Group's investment in Gloucester Coal ($350 million); Banpu PCL's investment in Centennial Coal Company ($250 million); Oxiana Ltd's merger with Zinifex Limited (A$12 billion); Newmont Australia Ltd's acquisition of a stake in Normandy NFM Limited (A$160 million), among others. For further information about Gryphon visit its website at gryphonpartners.ca.
I may just have to print a copy of all of your lies and forward them to the SEC myself...
AMPW is a complete and total rip off.
Don't be fooled if you hear all about "1.8 million dollars".
More on that later.
Look at the timing of the release!!
Here is the real Gryphon Partners AMPW is involved with.
www.gryphonpartners.ca
NOT
www.gryphon-partners.com
If your cannot address this question, or provide a truthful response to this question, you have no place in being on this website spreading PROPAGANDA! Go someplace else! Your credibility is Totally LOST making such statements about Gryphon Partners from Australia and Canada!!!!
Come on...I invite you to respond with regards to your libelous statements about Gryphon Partners!!! Please answer the question as to why you lied???
You're a retard! And I really mean it!
The timing was extraordinarily uncanny in view of recent posts.
Just remember this for the moment- 410 million tons of coal, worth an estimated 40 billion dollars and they got it for the equivalent of nothing.
Be careful. I know full well there's a pretty giddy feeling put there today but I remain absolutely convinced of my thoughts about what is ( or isn't) going on in Denver.
Watch the Peter Sellers film The Mouse that Roared.
Always display a united front regardless of disharmony from within.
Labor Relations 101-A:
When you throw your boss under the bus be prepared to take the watch.
We're only two chapters in to the book and a thinking questioning person already knows how the story will end.
I have consulted with a team of graphics and website design experts and it took them less than a day to arrive at the exact same conclusion that the Variant Seeking Alpha author arrived at in his initial thesis on AMPW. Exactly. To a t. I expect to give fellow bloggers the full details once I get the full report by early next week.
In the meantime once again I caution potential AMPW shareholders to look before you leap.
Why won't you address my question? You stated that AMPW is involved with gryphon-partners.com when in reality they are involved with gryphonpartners.ca.
Why won't you admit that you errored in your posted statement on this website??? Come on...I'm still waiting and this is my THIRD request...
Keith
Which Gryphon Partners is associated with AMPW??
I think you're scared shitless, that's what I think.
You run what you got up the flagpole and I'll run what I got up the flagpole any may the better person win. How's that?
This blog is about truthfulness.
Again, my most heartfelt and sincere apologies.
Gryphon Partners
20 Adelaide Street East
Suite 1105
PO Bx 36
Toronto , ON M5C,2T6
Phone: 1-416-368-0046
I fully and firmly believe they are entirely reputable and have been forthright.
In my mind it is not Gryphon that is the central issue of this debate.
And then google " Galena Creek".
able to momentarily re-invigorate the pump with a piece of "news" that was really a small boat on a very large ocean.
I think you're so deep in the hole on AMPW that you're tormented about the possibility of losing your home and your savings at the very least. More dramatically I picture you on a cliff about to free fall... in to financial oblivion.
You were the one constantly challenging what I put out. Every newly revealed part of this puzzle and you were up in arms.
Libel. Slander. Yada yada yada.
You're in over your head financially. I can feel it from here.
You my friend are afraid of what is obviously coming down the road.
P.S.~ I Love You to Death Too!
Regards,
Keith
Once again,
Kind regards,
Your friend,
Keith
A word of advice?
Don't ride in any elevators.
I'll be the first to admit when I make a mistake, so.....here goes. I really thought the stock AMPW would triple bottom at 59 to 60 cents, however, it really took a dive and according to technical analysis, that's not good for the stock. After hitting 35 cents, it had a good bounce on news. Knowing that stocks usually re-test their bottoms, I assume that AMPW will do a "W", and not a "V", and will re-test 35 cents, so I sold into the rally on the news in the mid 60's. As I said, I think the stock will re-test the 35 cent level. So, until then, I'm out, and we'll wait and see what happens around 0.35. You can make money on this stock, if you wait and are patient when making your buys and sells. What's the old addage, buy the Rumor and sell on the News??? Something like that..
Keith you are positively absolutely for real no kidding around no malice the gift that keeps on giving.
The more you open up the more I want to buy you a beer.
Skip the elevator thing. I was really confused when I blogged it.
That being said take into consideration tools and sheds.
You know, hard as it is for me to fathom but I actually think there's hope for how you and I think.
At some point we have to talk about what AMPW has in the bank and what a couple of thirty something's claim they will do with it.
And I know exactly almost to the penny what they have. And I ultra encourage you to ask me how.
Don't let me down.
Número Dos: 6 strong sells vs one strong buy along with previous well known miscues and prior relationships.
Número Tres: don't know because that spaceship is on it's way back to Mars.
And if número dos or número tres now own or did own shares that makes it extra special.
Class action anyone?
At the risk to my personal welfare I hereby submit to all that are willing to listen and to seek on your own terms that some "corporations" are nothing but an overt attempt at making certain people wealthycat our expense. That they have no other intention than to fleece us. They are 21st century pickpockets. AMPW. Cohen. Meyers? Bring it on.
You stated; "At some point we have to talk about what AMPW has in the bank and what a couple of thirty something's claim they will do with it.
And I know exactly almost to the penny what they have. And I ultra encourage you to ask me how.
Don't let me down."
Ok then, I'm asking...
"How much money do they have in the bank" ???
"And what do they say they are going to do with it"?
OK, I asked, and hopefully I am not letting you down...
keith
"Prior to the issuance of a permit for a coal or uranium mining operation, the operator must file with the DEQ a bond payable to the state of Montana in a sum to be determined by the department of not less than $200 for each acre or fraction of an acre of the land affected, with a minimum bond of $10,000."
Let's do some quick math:
29,000 acres times $200 equals if I'm not mistaken:
5.8 million dollars.
I know right out of the horses mouth what AMPW has for cash on hand and it isn't even remotely close to 5.8 mil.
Or 4.8 mil.
Or 3.8 mil.
Not even close to a minuscule 2.8 mil.
Not...even...close.
Coincidentally it's also one of the biggest money laundering centers in the world. Again, the Variant Seeking Alpha author nailed it. BSH- Black Sands Holding Company.
I have it in writing.
Before expenses.
Paid promotions alone are in the hundreds of thousands of dollars.
Gryphon's contract is $15,000/ month according to the SEC filing.
The extensiveness of the permit process is going to be costly.
One thing AMPW doesn't have much of is office expenses.
The Variant author shut the door on this one too.
He's invited to the barbq at my house along with Bazooka.
And others too I am beginning to find out.
out:
"we do not currently have the funds necessary going forward.
Or something to that effect. It's in the SEC filings.4Q?
8Q? 10Q? One of those q's.
The MI is so well known for convoluted banking schemes the Finance Minister had to write a letter addressing the problem.
Google it.
AMPW had a six month interest expense in the first half of 2011 of $170,661.
"Interest expense of $170,661 for the six months ended March 31, 2011, as compared to nil for the 2010 period, is accretion related to debt discount recorded on the promissory notes. For the six months ended March 31, 2010, the promissory notes were not outstanding and, as such, no interest expense was recorded."
That's $340,000.00 in interest expense if it were annualized. Even if they were paying 10% interest, that would be a loan of 3.4 million. Where is the money that they borrowed that they are paying $340,000.00 a year in interest on? Can you help me more fully understand this??? Thanks!
You are invited to my house for the barbq.
But from now on you will be Sherlock and I mean that most sincerely:)
For whatever it's worth you just whacked one right out of the park.
Borrowed money is reported as an asset on a balance sheet.
Paying $340,000 in annual interest for $729,645 avaiable cash
Implies an interest rate of 48 per cent. That's some expensive money.
Let's look deeper:
A mineral property that's close to an EPA Superfund sight and has not produced one pound of coal in 90 years, nor is it likely to in my opinion, is listed as an asset of
2.6 million.
Office expenses-ready?- $129,643 for 6 months.
Since inception AMPW reports $1,826,885 in losses.
It's almost as if they're trying to lose money.
No intent what-so-ever. Never.
If you read what's involved with the DEQ permitting process you'd be quick to agree. Arch Coal-Otter Creek-85 million spent so far- best guess maybe 2015.
My thesis is their intent is to go broke.
Alot less taxes and hassle.